Political Quotes

“We are joined in the Chamber by two of the sponsors of this bill: the Presiding Officer, Senator Whitehouse, and Senator Casey from Pennsylvania. The Senator said something earlier about the supercommittee and deficit reduction, and what he said is exactly right. Many in this institution and down the hall in the House of Representatives do not seem to understand that we cannot only cut our way to prosperity, we have to grow our way to a more balanced budget and prosperity. One of the things this China currency bill will do is, it is estimated by the Economic Policy Institute that over 10 years it will cut the deficit $600 billion to $800 billion. Why is that? Because of job growth, because this bill provides--according to the Economic Policy Institute study, it creates more than 2 million jobs. That is 2 million people, instead of receiving unemployment benefits, instead of being eligible for food stamps, instead of other kinds of things we do for people who are out of work, it will mean those 2 million people will actually be working, many of them in manufacturing. Those are $12-, $15-, $20-an-hour jobs. They will be paying taxes. They will be paying into Social Security, into Medicare, into local retirement systems--all of that--paying property taxes for the schools, doing all of the things that employed, hard-working taxpayers do. So it is a win in that situation too.…”