Political Quotes

“I appreciate the time to be on the floor. I want to continue talking about what I think are the real problems with where we are today. What we are hearing in the press is that there is no agreement on a continuing resolution, that there is conflict and lack of discussion in Washington, that the debt limit is coming up, yet Washington is not capable of solving its problems. I made some points yesterday about the reason we are not capable of solving our problems is that there is an absence of leadership. We are not only bankrupt financially, we are bankrupt when it comes to our leadership. I want to dispel the rumor that our problems are not insolvable. They are imminently solvable. We have $126 trillion worth of unfunded liabilities for which Americans are responsible. We have $17 trillion worth of debt, and we have $94 trillion of total assets in this country if you add what the Federal Government and everybody else owns. So the difference between $128 trillion and $94 trillion is $34 trillion, and then another $17 trillion--that is $51 trillion we are going to have to account for. What is in front of us--and by the way, the Affordable Care Act will add $6.7 trillion to those outstanding liabilities net of any tax revenues and tax increases it collects. So what are we to do? What are the American people to think? They see impasse, lack of conversation, lack of compromise, lack of resolution, and no reconciliation.…”