Political Quotes

“I also say, let us stay here, let us resolve the issue. It seems to me that again we need a review of what is happening with this budget process. The Democrats criticize the Republicans for probably biting off more than they can chew in terms of spending cuts. As it turned out, those Democrats were probably right. We had a lot of ideas that we wanted to accomplish to bring spending under control. But, Mr. Speaker, I say to the American citizens, wake up, America. Anybody under 50 years old better start putting in some studying time on what is happening to this Federal budget, what is happening to overspending, overtaxing and over-borrowing, because it is going to affect your lives. It is going to affect your kids' lives. We have now mounted a huge Federal debt of $4.9 trillion, plus the extra $100 billion that Secretary Rubin has creatively come up with that is no less an obligation of this country to pay back. We are looking at a situation now where we have made such huge promises in social programs that we cannot afford to pay for them. Civil service retirement has an unfunded liability or a so-called actuary debt of a half a trillion dollars; Medicare, $5 trillion actuary debt; Social Security, $3.2 trillion actuary debt.”