Political Quotes

“President Thomas Jefferson said: I place economy among the first and most important government virtues, and public debt as the greatest of the dangers to be feared. That was President Thomas Jefferson. Today the Senate is considering a bill to increase the Nation's debt by $781 billion. If adopted, it would be the fourth such increase in the 5 years this administration has been in office. I will be opposing this latest request, and I hope that people on both sides of the aisle will do the same. Any objective analysis of our country's fiscal history would have to conclude this administration and this rubberstamping Republican Congress are the most fiscally irresponsible in the history of our country. In fact, no other President or Congress even comes close. When this administration came to office, the Federal Government was running large annual budget surpluses that were projected to continue as far as the eye could see. These projected surpluses were so large that the Congressional Budget Office estimated the Federal Government would pay off all its publicly held debt by the year 2009. In fact, Alan Greenspan, then the Chairman of the Federal Reserve, and other economists expressed concern that these surpluses would be so huge they risked unsettling the financial markets. Because of the reckless fiscal policies of this President and the Republican-controlled Congress, 2009 will be a year to recognize President Bush's multitrillion-dollar red-ink special.…”