Political Quotes

On the recordMarch 30, 2004
this year we celebrate Abraham Lincoln's 195th birthday. In his famous address at Gettysburg, he noted that ``our fathers brought forth on this continent a new Nation conceived in liberty and dedicated to the proposition that all men are created equal.'' The Civil War was ``testing whether that Nation, our Nation or any Nation so conceived and so dedicated can long endure.'' Now, that challenge is with us. Today, we face a threat to the country that may well be as serious. It lies not in the dramatic clash of arms, but in neglect of our Nation's finances, especially our long-term finances. Voters vote for benefits, and politicians promise them without knowing how to pay for it. Just 4 months ago, Congress voted for a prescription drug benefit that adds $16 trillion to the program's unfunded liability. That is over two times our total national entire debt, and it was done mostly for short-term political gain with little reform of the underlying program.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing the financial challenges facing the nation and the implications of recent legislation.

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