Political Quotes

“I am proud to be labeled as the deficit hawk because I know that deficits are harmful to our economic growth and our future prosperity. All of us in this body are heartened by the recent news that the deficit in fact is coming down. Who would have guessed the deficit this year could have been as low perhaps as $50 billion? I once worked at the Office of Management and Budget. I watched a Congress that back in the 1980's promised to cut taxes and cut spending. They only did one: cut taxes, did not cut spending. We saw the deficit balloon by trillions of dollars, of which we are paying almost some $300 billion in interest just this year. Our country has always been based on checks and balances. That is what this bill does. If we do not hit the deficit target, we will not see the tax cuts come into play. We need this measure as some version of an accountability so that we can reach a balanced budget. We will not see our deficits increasing the debt. I would urge all of my colleagues to vote for this.”