Political Quotes

“Mr. President, I rise to speak on the important issue of the day. Sometimes complex challenges present clear and compelling choices. That is the case for the fiscal challenge before us today. We have a choice between delay and disruption or progress and accord. The Nation's eyes are upon us. We need to vote to keep our government running, to pay our military, and at the same time take essential steps to tame our uncontrolled spending and deficit. Most important, we need to ensure that our men and women in uniform continue to receive their well-earned pay while we undertake the work of balancing America's books and they undertake the vital work of defending our Nation, both here at home and abroad. In that regard, I am proud to be one of the sponsors of a bill introduced by Senator Kay Bailey Hutchison that will make sure that happens, even after the work of the 111th Congress is finished. I am also pleased to report that we are now up to 74 cosponsors. But in the final analysis we need to reduce our overall spending, which Americans recognize is necessary, necessary because every day we delay we are spending ourselves $4 billion deeper into debt. Right now, this fiscal year, we are on a path to spend $3.7 trillion, but we are taking in only $2.2 trillion in revenue, leaving a deficit of more than $1.5 trillion. To make up for that shortfall the Federal Government is borrowing 40 cents out of every dollar that we spend, with a national debt of more than $14 trillion.…”