Political Quotes

“Today's economic crisis is just the tip of the iceberg. $56 trillion. We must focus on a much larger yet less visible threat: the $56 trillion in liabilities and unfunded retirement and health care obligations (that's $483,000 per U.S. household), and the dangerous reliance on foreign lenders that threaten our ship of state. Fortunately, the Obama administration and a growing number of congressional leaders recognize the urgent need to address these challenges with entitlement, budget, spending, and tax reforms. We believe a capable and credible approach is necessary: an action-oriented, bipartisan commission that will engage the American people, that will consider all options and that will make sensible recommendations that will be guaranteed to be put to a vote in Congress. Meeting today's challenges is very important, but addressing these structural challenges is crucial to navigating a better future for our children and grandchildren. The question is, Madam Speaker, will this Congress deal with the greatest economic crisis that we have faced for the last 50 years?”