Political Quotes

“Any American that may be watching tonight is probably bewildered by all of the discussion of budgets and continuing resolutions and perhaps debt ceilings, as well as the appropriations process. In order to understand where we are currently, it is important to look back at where we were. And what I would like to do tonight is share a little bit of information about what the government spends, where the revenue comes from, and then how we got into this current situation we are in. Right now, we have a $1.6 trillion deficit. We have $14 trillion of debt. That means every man, woman, and child in America, if we were to pay it off right now, owes $45,000. And the trajectory of spending is simply unsustainable. We are borrowing about 40 cents on every dollar that we spend. America cannot continue to do this. We all know that. We all know we are going to have to act with bold resolve to get the fiscal house in order. But let's look at this chart, Mr. Speaker, for a moment. It shows the President's 2011 budget proposal. There was no budget in 2011, and this is part of the confusion. There was no finishing of the appropriations process. Right now we are trying to finish the appropriations process, cleaning up the mess from last year by passing what is called a CR, continuing resolution, that will fund the government for the rest of the year.…”