Political Quotes

On the recordApril 25, 2012
I thank my colleague for his sentiment and the words that you expressed. And I'm reminded that we here in Washington cannot be like my children when they used to sit in the TV room and watch their cartoons, such as Teletubbies and the other ones that are there. We need to grow up. We need to deal with this issue once and for all. And one thing that I'm repeatedly reminded of when I hear the President's proposal about the top 2 percent need to pay their fair share. I try to deal with this issue in an open and honest way. And if you do the math on that proposal, you raise $70 billion over 10 years. We have a $1.3 trillion deficit every year. The math just does not add up. And so I always have to remind people as I engage in this debate about the need for comprehensive tax reform that the solution to our national debt problem is not going to be a revenue solution unless we grow this economy. Raising revenue through increasing taxes is not going to bridge--as my colleague said, mathematically, it is impossible to raise taxes enough to get to that $1.3 trillion number. That's why I'm always reminded that this is a spending problem at its root cause, and that's why we need to continue to focus on that arena. And I would also like to echo my colleague from Florida in his words. Essentially, this is going to boil down, in this November 2012 election, to two strategies of moving forward.…
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Jack Reed
Democratic · Rhode Island

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