Political Quotes

“encouraging savings and investment and not leaving our kids and our grandkids with a huge mortgage is a reasonable combination in this piece of legislation. On September 13, the President said, in regard to paying down the debt, and I quote from the New York Times, ``Whether we can do it this year or not depends upon what the various spending commitments are.'' He may have very well said, ``I have other plans for this money.'' Today, this House makes spending commitments under this bill. We are committed to paying down the debt. Maybe we could do more. I would have liked to have done more. But the problem is that we have to make a commitment to do it, otherwise the propensity to spend by the President and by this Congress is too great. Let us pass this legislation to help assure we don't simply increase spending. The President sent us the Democrat budget proposal last spring that increased spending $100 billion more than could be paid for with projected revenues. That meant that without increased taxes and increased revenues, it would have used the Social Security and the Medicaid trust fund surpluses. Let us pass this bill and move ahead. Let us make sure saving and investment is easier for the American people and we do not leave our kids with a bigger mortgage.”