Political Quotes

“I thank the gentleman for yielding, and I thank him for organizing this Special Order on this terrible Republican tax scam. This scam is a desperate, disgraceful attempt to line the pockets of the wealthiest Americans and corporations at the expense of the middle class. And for what? We are told the corporate and upper income tax cuts will result in more investment, in greater economic growth, which will yield more jobs and more revenue for the country and higher wages for the middle class, but that is bull. They have run this scam twice before. Ronald Reagan passed similar upper class tax cuts and told us they would generate such economic growth that they would pay for themselves. George W. Bush pulled the same scheme. What happened? President Reagan's cuts sent the national debt--the national debt accumulated from George Washington through Jimmy Carter, which was a little less than $800 billion in 1980--from $800 billion to $4.3 trillion 12 years later, quintupled. President Bush's tax cuts turned the projected 10-year, $5.65 trillion surplus--remember at the end of the Clinton administration, we were having surpluses, and the projected surplus over 10 years was $5.65 trillion. His tax cuts turned that, in 8 years, into $10.63 trillion debt. {time} 1800 It turned a $5.6 trillion surplus into a $10.6 trillion debt.…”