Political Quotes

“I yield 1 minute to the gentleman from California (Mr. McClintock). Mr. McCLINTOCK. Mr. Chairman, I thank the gentleman for yielding. Our fiscal problem can be summed up in just three numbers: 39, 37, and 64. Thirty-nine percent is the combined increase of inflation and population over the past 10 years. Thirty-seven percent is the increase in revenues. The third number is what's killing us: 64 percent is the increase in spending. It's nearly twice the rate of inflation and population growth. This has never been a revenue problem; it has always been a spending problem. Yet characteristic of other Democratic budgets, the Senate further accelerates spending while trying to chase it with $1 trillion of new taxes. And despite $1 trillion of new taxes, they can't ever balance their budget. And there's a reason: because it's a spending problem, and dogmatically trying to address it on the revenue side will simply drive more and more spending until we become Greece or Detroit.”