Political Quotes

On the recordJune 14, 2010
I'm going to get to that, but one of the things when you do what you're talking about, that bull-in-the-china-shop mentality of just spending money out of control and it's a bailout for big businesses, bailout for Wall Street, bailout for various States, bailout for individuals that didn't save money and we're going to give this and this and this, when the government starts getting into the bailout business--of course it's choosing winners and losers--there are lot of people that are not getting any bailout. They're being expected to pick up the tab for other people's financial errors. What happens is you start spending all this money, of course if you're running any kind of a responsible operation, you've got to have some sort of a budget saying, you know, how are we going to make this all work, because pretty soon you're going to start giving away more money than you have. In fact, I think somebody was quoted one time saying, the trouble with socialism is pretty soon you run out of other people's money. So budgets are necessary, and some of our leaders here on the floor, some of the Democrats said they recognize the fact budgets are necessary.
Said by
W. Todd Akin
Missouri

Editor's note · Context

The speaker addresses government spending and the importance of budgeting in governance.

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Jul 19, 2012

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