Political Quotes

“this is a consequential discussion today. It is a question of the future economic policy of the United States. That is what we are talking about here today. I just heard the Republican leader say there is no budget. I don't know how to say this, but sometimes I wonder if colleagues pay attention to what they are voting on here. Last year in August we did not pass a budget resolution; instead, we passed a budget law. Anybody who has had 10th grade civics knows a law is stronger than any resolution. A resolution is purely a congressional document. It never goes to the President for his signature. A law has to pass both bodies and be signed by the President. Last year, instead of a budget resolution, we did a budget law called the Budget Control Act. The Budget Control Act set the budget for the next 2 years, for this year and next. More than that, it set 10 years of spending caps, saving $900 billion. In addition, the Budget Control Act gave a special committee the authority to reform the tax system and the entitlement system of the country, and it said: If you come to an agreement, special committee, your action cannot be filibustered. You have to go right to the floor for a vote. And if you do not agree, there will be an additional $1.2 trillion of spending cuts put in place. The special committee did not agree, so that additional $1.2 trillion of spending cuts is now the law, in addition to the $900 billion of spending cuts.…”