Political Quotes

“I rise today to speak about the real-world consequences of failing to achieve a fair and balanced solution to avert the automatic tax hikes and spending cuts that would otherwise occur at the end of December--the end of this month. Failing to continue unemployment insurance, allowing taxes to rise on middle-income Americans, and cutting Federal spending too much and too soon during a struggling economic recovery could, as the nonpartisan Congressional Budget Office has estimated, cause a new recession. This is a fate we can and should avoid for people in my State and across the country. Indeed, families in Rhode Island are still getting their economic footing and cannot afford another economic setback. An economic downturn will erase the strides we have made so far to strengthen our economy and exacerbate the widening income inequality, which Americans sense and recognize in an economy that all too often seems stacked against them. Instead, we must work toward a compromise that is fair, helps the middle class, creates jobs, and strengthens and accelerates our economic recovery. As I see it, widening income inequality and the sense that future generations will not see the same kind of economic security as my generation is one of the most pressing challenges facing our Nation. Over the past several decades, top earners have taken a bigger and bigger chunk of income while wages have stagnated for far too many Americans.…”