Political Quotes

“But, you know, back in 1980 when I first came to this town and worked for President Reagan, the baby-boom generation, our generation, was 30 years away from retirement. The deficit then was a lot smaller, the national debt was a lot smaller. The amount of interest that we paid on that debt was about $50 billion. Today, 15 years later, 16 years later, we are now 15 years away, our generation, from the big retirement age, with all the entitlement kick-ins and all of that, and we are not spending $50 billion on interest, we are spending $250 billion on interest, and the debt, not being $1 trillion or so, is now actually over $5 trillion, and in 2 years, we will be spending more just on the interest, servicing that $5.5 trillion national debt, than all of defense, foreign aid, Congress and the Intelligence budgets put together. We have got to make some tough choices. It is not easy to say no to some of these different groups that are coming in. The easy vote is always yes. Somehow in this Chamber, working with the administration downtown, because we do not have the votes, let us face it, to override a veto, we have got to work together and bridge the gap to get the job done. I have a 4-year-old and I have an 8-year-old, and a newborn child today is going to pay, their share of what we owe is $185,000 in taxes just to pay the interest on the national debt.”