Political Quotes

“Mr. Chairman, deficits do matter They really do. Before I was in the Congress, I worked for a President by the name of Ronald Reagan. I watched a Congress then that promised that they would make $2 or $3 in spending cuts for every dollar that they cut in taxes. And you know what? It never happened. It did not happen. It was a promise that was not delivered on. In fact, the deficit ballooned by $4 trillion during those years. In 1990, as a Member of Congress, I was asked to go down to the White House to spend a little time with President Bush and talk about his 1990 tax/budget bill. I told him then that I could not support it. I could not support it because his advisers where taking him to the cleaners. In fact, as I reviewed the numbers this last weekend, his budget predicted a surplus of $63 billion in the year 1995. They were $300 billion off.”