Political Quotes

On the recordJanuary 30, 2013
in a very short period of time, we are going to be considering an increase in the debt limit. It is for a specific period of time, but it is, at a minimum, going to be $500 billion. What is in front of our country, especially as we see negative growth in the third quarter, as reported today, and the continued printing of money by the Federal Reserve, is that there is no accountability to rein in either the size, the scope or the spending habits of the Federal Government. Over the next 2 weeks, I am going to be very succinctly outlining $1.35 trillion worth of spending reductions that I would imagine the vast majority of Americans would agree with me on. I am going to build the case almost every day as I come out here as to why we can't keep doing what we are doing, and I will demonstrate the stupidity in how the Federal Government is running today. I know I will have no chance to defeat an increase in the debt limit that is coming forward. I don't expect to accomplish that. The votes are here to raise the debt limit and not do anything about our spending. But most Americans realize the Federal Government is twice the size it was 11\1/2\ years ago--twice the size. In just the last 4 years, the average family income has declined over 7\1/2\ percent. So while family income is declining, our deficits are rising.…
Said by
Tom Coburn
Republican · Oklahoma
Source
govinfo.gov
Jan 30, 2013

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