Political Quotes

“I recall reading an article by a distinguished columnist and journalist in this city, David Broder. He said, in all of those 1,200 to 1,300 pages, two numbers that were missing. One number was, as I recall, $940 billion. That $940 billion represented the amount of additional debt we will accumulate, assuming President Clinton's budget works as planned. Assuming all the projections are accurate, assuming all the interest rates calculations and revenue projections are correct, we will still go nearly $1 trillion more in debt during the next 5 years. The second number that was missing was 57 cents. Fifty-seven cents did not appear anywhere in the President's budget. The 57 cents represents the amount of the individual income tax dollars that go to pay interest on the debt. Out of every dollar that we pay in personal income taxes now, 57 cents goes just to pay interest on the debt. Madam President, we are engaged in what I have called fiscal child abuse--fiscal child abuse.”