Political Quotes

“Madam Speaker, last week President Obama unveiled his new budget for fiscal year 2011. I am afraid this budget will result in more of the same runaway spending that led to a record $1.4 trillion deficit last year. Just like the budget the President introduced a year ago, this budget spends too much, taxes too much, and borrows too much. It includes $3.8 trillion in Federal spending for 2011, a record high. It projects a $1.6 trillion deficit, a record high. It assumes $2 trillion in tax hikes over the next 10 years, a record high. And it estimates $14 trillion in government debt that will be inherited by our children and grandchildren. In fact, the President's budget will more than double the Federal Government's public debt. One of the most touted parts of this budget is its call for a spending freeze, which is a good idea. Just like the millions of Americans who have adjusted their budgets, the Federal Government should respond to record deficits by halting its spending expansion. But unfortunately, this budget freeze is merely papering over our record Federal deficits. Instead of a meaningful freeze, the proposed freeze in the budget covers only one-eighth of the Federal budget. That means that more than 80 percent of the Federal Government will continue to grow under this so-called freeze. A freeze that allows the vast majority of programs to stay on the path of unsustainable growth will not solve our budget problems.…”