Political Quotes

“it is interesting to hear my friend fictionalize what is going on in the world economy and in our American economy especially. We all know that when President Obama took office--the month after he was elected in November, 8 years ago--the economy lost 800,000 jobs. It was not 1 month. That continued. When President Bush took over the economy, we had a surplus of $10 trillion over 10 years--a surplus. My friend the Presiding Officer and, frankly, his good father have talked about money that was spent by this country that shouldn't have been. However, when Bush took office, we had a surplus. We had a balanced budget under Bill Clinton--a balanced budget. We didn't need to legislate it. It happened. Of course, with his leadership and the Deficit Reduction Act that we passed, it worked out very well. But that was all wiped out by the spending of the Bush administration. It was 8 years of 2 wars unpaid for and trillions of dollars--not hundreds of billions but trillions of dollars--paid for with a credit card. Tax cuts were paid for with a credit card. What did that bring to us? The collapse of Wall Street. President Obama went to work. It was difficult, but we passed the American Recovery Act, or the stimulus, as it was known. But for that, who knows how difficult our situation would be. In Nevada, we had the experience of what happened when Wall Street collapsed. We weren't the only State. It happened all over this Nation.…”