Political Quotes

“Mr. President, I rise in support of the motion to concur in the House amendment to S. 365, the legislative vehicle for the debt limit increase. Given the $14.3 trillion national debt, the $1.6 trillion deficit for the current fiscal year, and the unrestrained and skyrocketing growth of Government programs and services, this vote commences the debate that will lead our Government to reevaluate priorities and examine its spending with a critical eye. Today's vote was critical to maintaining our country's financial credibility, and it was the first step in what will be many to rein in the U.S. Government's out-of-control spending. This bill reduces current spending, caps future spending, and controls previously unrestrained Government budgets over the next decade, while also protecting critical Social Security benefits. Just weeks ago, the United States was warned it would lose its stellar AAA credit rating on two grounds: if Washington did nothing to address its debt and deficit spending, and if Congress failed to raise the debt ceiling, thus triggering a default. This vote addresses both issues by, for the first time in history, requiring spending reductions equal or greater to the amount the debt ceiling is raised. That is indeed a first, positive step toward making our Government accountable to its people. This action was critically important to every family in America.…”