Political Quotes

“But let us look at the reason why we have spent so much money in the past. Why is Medicare growing at 4 times the private sector? We have increased spending over I think the next 7 years by 63 percent. A lot of money is going to be spent on senior citizen health care at the Federal level. But if you want to get the budget balanced and you want to keep it balanced, you better start now and you better start with entitlement reform. Senator Kerrey, a Democrat, said in his commission report that if nothing changes in the next 17 years, the entire Federal revenue stream, all the money coming to Washington, will be consumed by entitlement spending and interest payment on the debt. That there will be no money for the Department of Defense. That is how quickly the interest element and entitlement spending is taking over the revenue stream.”