Political Quotes

On the recordJuly 19, 2011
Mr. Speaker, 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

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