Political Quotes

“Our debt ceiling is currently $14.3 trillion-- or more than $45,000 for every American man, woman, and child. By the end of the year, our debt will be larger than the size of our entire economy, a significant amount of that owed to foreign countries. Oddly enough, even though we're driving faster and faster towards a cliff, instead of slowing down, President Obama is hitting the gas. After President Bush's second term, the national debt was $10 trillion. This was accrued over 43 Presidents. In just 2\1/2\ years, President Obama has managed to increase our Federal deficit by over $4.3 trillion, 40 percent since he was sworn into office January 20 of 2009. Let me say that again. In 2 years our government has borrowed nearly 40 percent of the debt that it took 200 years to accumulate. There is no word in the English language for this kind of recklessness. At the turn of the 20th century, the Federal Government consumed about 6 to 8 percent of the gross domestic product. Back then America became the greatest industrial power and the wealthiest economy in the history of the world when the Federal Government spent just between 6 and 8 percent of GDP. Today, the Federal Government spends no less than 25 percent of GDP. And on top of that, the rest of the government, State and local, spends even more. Total, around 40 percent of GDP is consumed by government at all levels. What have we gotten for this unprecedented level of Federal spending?…”