Political Quotes

“I would like to also continue on this same conversation. The central question that we have to answer is do we have a debt and deficit problem in America or do we have a spending problem in America? Words like balanced approach, investment in America's future, and the often quoted ``shared sacrifice'' confuse the real issue. The focus of the House of Representatives is not about just reducing the deficit; it is about reducing spending so we can pay off the debt that we have. Raising taxes on Americans now would be like the man who ran up a huge credit card bill and then went to his boss to tell him that he needed a raise to pay off his bills. His boss would most likely respond, You don't need a raise. You need to get your family on a budget and cut your spending to what is essential. For the past 50 years, the Federal Government has taxed Americans at around 18.5 percent of GDP, no matter what the rate is. The current proposal from the President suggests a tax requirement closer to 22 percent of GDP. To close the deficit gap, all income taxes will have to double or corporate taxes will have to increase five fold. A tax increase on the wealthy may make some people feel better that they're sticking it to the man; but, historically, tax increases only lead to more government spending. And, ultimately, it will not solve the debt crisis. Washington likes handing out other people's money for noble causes.…”