Political Quotes

“My colleagues, I would like to cut through all the fog here rather quickly. Today's GDP figures remind us that our economy is still not creating enough jobs. Americans are worried about finding work. They are worried about our economy, and they are worried about the mountain of debt that is facing them and their children. Today, we have a chance to end this debt limit crisis. With this bill, I think we are keeping our promise to the American people that we will cut spending by more than the amount of the increase in the debt limit. The Congressional Budget Office has certified this commonsense standard, and it has been backed by more than 150 distinguished economists from across the country. We are also imposing caps to restrain future spending to stop the expansion of government while giving our economy a chance to grow and create jobs, and we are advancing the great cause of a balanced budget amendment to the Constitution. What this bill now says is that before the President can request an additional increase in the debt limit, two things have to happen: A joint committee of the Congress must produce spending cuts larger than the increase in the debt limit, and both Houses of the Congress must send to the States a balanced budget amendment. Listen, the balanced budget amendment, it's time for this to happen. It enjoys support in both Houses of this Congress, and it enjoys bipartisan and widespread support across our country.…”