Political Quotes

“What is more fundamental than providing fiscal order, especially for the future of this country, in making those kinds of choices, albeit difficult, but ones that are compelling and ones that need to be made? ... The Congressional Budget Office, in fact, testified before the Senate Budget Committee recently and indicated that according to their recalculations, the deficit will increase by $25 billion over the next 5 years. So we can expect more debt over the next 5 years than we originally anticipated because of interest rates and, in fact, lower than anticipated revenue from the income tax increases and other tax increases of 1993. Between now and 2002 we will add a cumulative total of nearly $2 trillion to the existing debt if we make no changes in fiscal policy. ... one of the positive benefits of a balanced budget would be to increase productivity because of less debt, but also, most importantly, increase the amount of personal savings in this country.”