Political Quotes

“Today marks an historic occasion for the Senate. At the end of this fiscal year, not only will the federal government have run a balanced budget without the use of the Social Security surplus for a third consecutive year, the first time that has happened since 1947 to 1949--but the budget resolution we are now considering would reduce the publicly-held debt to its lowest level since World War I. No longer is business in Washington defined by the terms 'deficit' and 'debt'. 'Fiscal responsibility' has been reintroduced into the political lexicon and the result should prove a welcome relief not only to this generation but to those yet unborn generations that will be spared the mountain of debt we would otherwise bequeath in a legacy of lavish spending and fiscal recklessness. In light of these on-budget surpluses we now enjoy and the era of surpluses we are projected to see over the coming ten years, I would especially like to thank the Chairman of the Senate Budget Committee, Senator Pete Domenici, for his unwavering commitment to balanced budgets and responsible decision-making.”