Political Quotes

“I wanted to spend a minute as we have had a lot of discussions over the pain that is being caused by the American traveling public and businesses on the FAA. We heard the majority leader say we couldn't do the sequester because we still have the same amount of money, and there is no way we could cut the $40 billion out of our budget over the next 6 months. I thought I would just draw a little comparison for us so we could actually see the Federal budget, and then we could make a comparison to the average family budget. Here is the Federal budget. This is last year's Federal budget. We spent $3.7 trillion, we took in $2.46 trillion, and we had a deficit of $1.32 trillion. We added to our total debt, so we have come to a total debt now of $17.57 trillion. The sequester cuts are $85 billion, and $85 billion sounds like a lot of money. Now let's compare it to the average family household in America. The median household income in America last year was $53,000. By the way, in real dollars that is less than what it was in 1989--less than what it was in 1989. If we spent money in households the way the Federal Government spends money, we would have spent $81,000. We would have only earned $53,000, but we would have spent $81,000. We would have had an annual credit card debt that we would have chalked up of $28,000 doing exactly what the Federal Government does, which would have made our total credit card debt $375,000.…”