Political Quotes

“We are debating today as if one side is in favor of raising wages and the other is not. With all due respect to my dear colleagues, I suggest that is not the question. Both sides are in favor of wages going up. As a matter of fact, anyone who serves in the U.S. Congress, ought to have at the center of what they are here for an effort to promote and improve the lives and the compensation of the working men and women of America. However, there is a real and a legitimate difference of opinion about how you increase wages, and compensation. Many of my colleagues sincerely believe Government is the way to set prices for products and services in an economy. But let me point out that countries that have taken that philosophy to an extreme, that have put that philosophy into effect in a broad range of both services and goods in a market have had disasters. There is no question as to why countries have abandoned socialism across the world. They have abandoned it because it is a disaster. The real price-setting mechanism that is efficient and productive and perhaps most carried, in terms of job opportunities, is a market system. To suggest the Government is the right one to determine the right wage for every individual is absurd.”