Political Quotes

“When the deficit is increasing, and we have got that liability coming up on Social Security. The Federal Government going out and borrowing huge sums of money means potentially increased taxes for our kids and our grandkids. It means that the government is going out and borrowing probably billions, hundreds of billions of dollars per year. As we went through the Committee on the Budget, Alan Greenspan came in and said, ``If you get to a surplus budget or close to a surplus budget, I expect interest rates to drop by 2 percent.'' Do my colleagues know what? He was absolutely right in 1995. That is not a cost. That is a direct benefit to the American people. The biggest tax cut that we have given American families is to get close to surplus, because that has kept interest rates down on mortgages, on cars, on student loans and all kinds of things.”