Political Quotes

On the recordApril 28, 2010
America faces a massive budget challenge, and it must be addressed. The consequences of our dangerous budgetary situation are truly wide-ranging. We all know where America's unsustainable path of debt leads. Among other things, it leads to a dramatically diminished American role in the world. History has seen time and time again great powers forced into retreat by unbearable debt. Simply stated, they did not pay attention to the bottom line. Democrats take that lesson seriously, which is why we made fiscal responsibility such a priority under President Obama. We passed the PAYGO law, which ensures that Congress pays for what it buys. We passed a health insurance reform bill that significantly cuts the deficit. President Obama has proposed a budget that freezes non-security discretionary spending, cuts the deficit by more than half by 2013, and cuts it by more than $1 trillion over the next decade. Americans need to know that every dollar in our budget is spent wisely and that none of them go to waste.
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
Apr 28, 2010

Editor's note · Context

The speaker addresses the importance of fiscal responsibility and the consequences of national debt.

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