Political Quotes

On the recordJuly 19, 2011
One problem that I see from my colleagues across the aisle and the President is that many of them have never signed the front of a paycheck. They have only signed the back of a paycheck. I was a small-town banker for 8\1/2\ years. I practice the five Cs of credit: character, capacity, capital, collateral, and cash flow. If our country was held to these same standards, President Obama would never get the loan that he's asking for. I have struggled on this vote because of the $14 trillion of debt that our Nation faces. President Obama has yet to come up with a plan that changes our spending trajectory, but this House has. Cut, Cap, and Balance--it's not just any plan, but it's revolutionarily reformed the way Congress spends money. We aren't $14 trillion in debt because we tax Americans too little. We're in debt because Congress has spent too much money. We don't have a revenue problem, folks. We have a spending problem. The SPEAKER pro tempore. The time of the gentleman from New Jersey has expired. The gentleman from Ohio (Mr. Jordan) is recognized for 30 minutes.
Said by
Jeff Duncan
Republican · South Carolina
Source
govinfo.gov
Jul 19, 2011

Share

More from Jeff Duncan

Dec 10, 2024

I remind Americans that this mandate by the Biden administration on washing machines will only save them about $9 total over the lifespan of the unit itself, which is about 13\1/2\ years, a savings of only $9 over 13\1/2\ years…

govinfo.gov
Mar 22, 2024

We pointed out yesterday that Americans are paying more for transportation fuels than they were just a few short years ago before the Biden administration started this war on energy. They are paying higher utility bills because green…

govinfo.gov
Feb 15, 2024

Thank goodness for the policies of the last administration. This administration seems to be touting that it has increased production. That came about because of policies of the Trump administration, when, on day one, the Biden…

govinfo.gov
Mar 22, 2024

This $27 billion green bank will benefit China, so it seems like the Biden administration and the House Democrats support China over the American people. Madam Speaker, I yield such time as he may consume to the gentleman from Texas (Mr…

govinfo.gov

Other voices in this conversation