Political Quotes

“I actually came to speak on another subject, but I had the opportunity to hear the minority leader's remarks as I was waiting to speak. I would point out in response that our friends on the other side love to characterize the spending that has taken place in recent years as something that was the will and choice and desire of President Obama. What they fail to recall is that during that period, we actually had an economic meltdown. Most Americans remember that economic meltdown. States such as Rhode Island are still in the aftermath of that economic meltdown--an economic meltdown, by the way, that occurred at the end of the last Republican administration and was caused by those policies. The economic meltdown was relatively global. We have very practical examples of countries that went the path of spending cuts that the Republicans recommend--recommended through the whole economic meltdown. Just take a tour of Europe and you will see where the austerity plan was followed, the results have been far worse: lower GDP growth, higher unemployment. We are actually struggling through better in America by understanding that when the economy is collapsing, if the Federal Government withdraws even more money from it, it just collapses faster and you postpone the period of growth and recovery. This business us only having a spending problem--well, you can look at the revenues as adequate, but it depends what you are measuring it against.…”