Political Quotes

“Mr. Speaker, while in concept adding budget safeguards that ensure we stay on track to balance the budget makes all the sense in the world, the measure before us fails to advance that goal in an acceptable fashion. Now, we all know that the devil is in the details, and the shortcomings in the details before us are very significant. They are much too significant to overlook or to brush aside because we like the notion of budget enforcement. I want to focus on three of the most glaring deficiencies. Looking at the budget deal presently being negotiated, this historic effort to balance the budget, I believe that the most significant threats are exploding tax cuts, specifically indexing capital gains, or backloaded IRA's, these that have very dynamic revenue losses in the outyears but not in the early years. Those tax cuts would not in any way be touched by this measure. This measure is a toothless tiger relative to addressing exploding tax cuts.”