Political Quotes

“Thank you, Madam President. Before I get into the substance of my remarks, I always listen diligently to my friend from Kentucky. There is a number that is missing in his charts; it is 1.5 trillion. The reason we don't like government spending is--he thinks--a lot of it is wasteful, but, ultimately, the reason is also that there is a huge deficit. Our side scratches our heads not only with our friend from Kentucky, but with everyone on the other side who rails about too much government spending and creation of the deficit when they created the deepest hole they could have with the tax break that could have been paid for by closing loopholes. A group--a bipartisan group--had put something together that would have reduced the corporate rate to 25 percent, brought the money from overseas at 8, 9 percent, increased the child tax credit, left the individual side alone, and would have barely increased the deficit. So our side, at least, rankles when we hear these budgets that relate to deficit spending when, on the tax side, that doesn't seem to apply at all. I say that with due respect to my good friend, who I know is sincere in his beliefs. He will argue with me that cutting taxes increases the economy. I would say that spending money on education and infrastructure also increases the economy. It is a slippery slope once you say: We can cut all the taxes we want; the deficit doesn't matter.…”