Political Quotes

“Mr. President, I rise today to discuss what I did in the Budget Committee yesterday, why I did it, and where we are headed. I have heard people say repeatedly that the Senate has now gone for some 1,000 days since passing a budget resolution. What they are not telling people is that last year, instead of a budget resolution, the Senate and the House and the President signed a budget control law. The occupant of the chair knows very well, being a former attorney general, that a resolution is purely a congressional document. It never goes to the President for his signature. The Budget Control Act we passed last year, while it is true it is not a resolution, was a law signed by the President of the United States, and that law--the Budget Control Act-- said we are going to set the budget for this year and next, but beyond that we are also going to put in place 10 years of spending caps, saving $900 billion. On the question of whether the Budget Control Act represents or takes the place of a budget resolution for this year and next, let me read from the text because I think it makes it abundantly clear. It says: The allocations, aggregates, and levels set in the Budget Control Act shall apply in the Senate in the same manner as for a concurrent resolution on the budget. That is pretty clear. This law, the Budget Control Act law, is to serve in the same manner as a budget resolution for 2012 and 2013, and it sets out the spending limits for those years.…”