Political Quotes

“We have a credit card. I want you to think about your own personal life that if, in fact, you have a limit on your credit card and your financial situation worsens, you are still paying the payments, but you are not bringing down the principal on your credit cards and you are not earning significantly more money and you go to Citibank or American Express or Chase and say: I want you to raise my limit. The first thing they are going to ask you is: What have you done to improve your financial situation so we might consider raising your credit limit? That is what happens to every other American. We have this big talk about a debt limit. There is no debt limit in this country. We have increased it every time it has come up. There is no limit right now in this country on the debt we have. We hear all of these speeches about the risk. You know what the real risk is? The risk is continuing to do nothing to address the underlying problems of our country. The risk is continuing to add entitlement programs that have no way to pay for themselves and no reform of the entitlements we have today. That is the risk. How does that play out? We have heard all of these dire warnings of what will happen. What is going to happen to your children and grandchildren is what has happened over the last 15 years in this country. Do you realize that the average median income in real dollars now is at the same level it was in 1989? We are going backward right now.…”