Political Quotes

“It is a new time. We're paying our bills. Now, we had to borrow a lot of money because we were in a very deep hole. And everybody said if you didn't, all economists, Marty Feldstein, conservative adviser to Ronald Reagan, said you need to put more money back into the economy. We didn't have any money. You had a $5.6 trillion surplus that you inherited. We inherited a $5 trillion deficit. So we had no money. Your administration spent it all. But you didn't pay for things you bought. You didn't pay for your tax cuts. Very nice to give tax cuts, but if you don't pay for them and they create deficits, then who's going to pay for them? Our children. And that's what happened. We went to war. One was absolutely essential. We went to another war that some say was of choice, that is, in Iraq. We somewhat abandoned Afghanistan when we went to Iraq, and we didn't succeed in Afghanistan; but we didn't pay for either one of those wars. Who are we expecting to pay for those wars? Our children. You adopted a drug prescription program which, very frankly, we made better in the health care bill. We made seniors more secure in getting their prescription drugs. But you didn't pay for it. Your economy that you left us, very frankly, is responsible for 38 percent of that deficit to which you referred; 90 percent-plus of the deficit that confronts this country are direct results of the policies pursued in the last administration.”