Political Quotes

“we saw yesterday the CBO projection that the Federal budget deficit for this fiscal year, which started in October, will balloon to $1.2 trillion. A member of the Senate Budget Committee, Kent Conrad, called it ``jaw-dropping.'' And our budget chairman, John Spratt, said he got ``sticker shock.'' President-elect Obama has predicted that ``potentially we've got trillion dollar deficits for years to come.'' President-elect Obama then said, ``if we do nothing, then we will continue to see red ink as far as the eye can see.'' Most Members know that our country is facing a critical crisis, and if we fail to find solutions that will halt a mortgaging of our children and grandchildren's future, I seriously consider and believe the 111th Congress will really go down as a failed Congress. We have an opportunity at hand to deal with this issue, and we need to do it in a bipartisan way. There's a bipartisan plan on the table that Congressman Cooper of Tennessee and I have, called the Cooper-Wolf SAFE Commission, that sets up a bipartisan panel to put every spending program and tax policy on the table and require this institution that has avoided its responsibility to vote it on up or down.”