Political Quotes

“Washington has a problem. It spends more than it brings in, and it has been doing that for a long time. That's why we are over $15 trillion in debt. That's over $46,000 of debt for every American man, woman, and child. Washington is currently borrowing 36 cents out of every dollar it spends, and under President Obama, our national debt has increased 34 percent. That's the fastest increase in the debt under any U.S. President in history. Our government is digging a hole it might never get out of. We don't have the money, yet Big Government hasn't been able to restrain itself and keeps putting more and more of its spending on a credit card--our children's credit card. Our national debt-to-GDP ratio rivals that of countries like Ireland, Portugal, and Greece, which are facing sovereign debt crises. Soon our Nation's Federal debt will equal our GDP. It is a losing proposition. It's like someone's total credit card debt equalling the total amount of income that they bring in each year. And so what do people do? If they do that at home, unfortunately a lot of people go and get another credit card and they borrow money from that to pay the minimum on the first credit card. But then they have to go and get another credit card to pay the minimum on that one to pay the minimum on that one. It doesn't work. It spirals down and down until finally it ends in bankruptcy. It's unsustainable. Most American families understand that. They live within their means. Washington should, too.…”