Political Quotes

“Let me describe also what is going to happen in about 20 years, maybe 10. If we don't address these problems, it won't matter what the debt rating agencies say; we will have developed a pattern that says we think we can continue to borrow and continue to raise the debt limit and not make the structural changes that put us on a path to solvency. So what does that look like? What that looks like is borrowing costs going up. My friends all say--and the President said today--maybe our borrowing costs will go up if we don't, in fact, raise the debt limit. Guess what. Our borrowing costs are going up every day we don't address these problems whether we address the debt limit or not because eventually the rest of the world is going to say: We don't think they are willing to cut up the credit card. They are not willing to make the sacrifices necessary to put their country on a path of prosperity. We have all the capabilities in the world to address our problems. We do not have the leadership that will get us there. I am not just directing that at the President; I am directing that at my own party. So what is the solution? I am going to spend the next couple days outlining waste in the Federal Government, fraud in the Federal Government, duplication in the Federal Government. But the solution is called sacrificial leadership.…”