Political Quotes

“I want to set some context of where we are financially at this point. Everyone knows last year the difficulties of COVID-19 and what happened and the extraordinary measures that were taken to be able to offset the economic damage that was significant. CBO, as of July 21 of this year, estimates the Federal deficit for 2021 will be $3 trillion, much of that based on what was done last year during an emergency time period. It is 13.5 percent GDP. That deficit, in 2021, will be the second largest since World War II, since 1945. Now, this year, in the year that we are finally working our way out of COVID-19, though still taking it seriously--this year, there is $2 trillion in additional spending in March of this year. There is a $1 trillion infrastructure plan that is in front of us now and a $3.5 trillion tax-and-spend bill that, apparently, we start in 2 days. Listen, I have been told over and over again throughout the course of this debate that the infrastructure package would be paid for, and then, later, I was told, well, mostly paid for, and then CBO came out a couple of days ago and said a quarter trillion dollars of it is not paid for--a quarter trillion dollars according to CBO's estimates. To make matters worse, part of the rest of it that CBO does estimate is still areas where I would look at and go: That is pretty shaky estimation--for instance, the unused unemployment benefits from earlier this year.…”