Political Quotes

“We have got a runaway debt. We have got a very serious financial situation facing this country. We are all familiar with the concept of credit card limits. Maybe we get pretty little limits. Maybe we get even generous limits. But somewhere there is a limit on how much money we can run up on our credit card. The Nation, similarly, Congress establishes the limit, the credit card limit, for the Federal Government. We do that by a vote of Congress, how much money we are allowed to borrow as a country. And we have got a limit of $7.384 trillion, $7.384 trillion. We are allowed to borrow that much as a Nation. That might give one pause. One might wonder how in the world are we going to get that debt paid off before we all leave the workforce, retire, and turn the country over to our children. Surely it would not be fair to leave our children with this debt. As bad as this credit card limit is, as troubling as it ought to be to all of us, $7.384 trillion, I have got very bad news for the Members.”