Political Quotes

“Mr. President, as I begin this morning, let me just start by reacting to a couple of things that have been said here on the floor this morning already by my Democrat colleagues. You know, the leader, Republican leader, when he was down here earlier, talked about the impact of inflation on the economy, and I have to tell you, that is very real. The inflationary impact is being felt all across this country. Energy costs are up, gasoline costs are up by huge amounts. Food costs are up in this country. Housing costs are up. There isn't hardly any area of our economy where people aren't being impacted by inflation, meaning that the dollars that they earn are stretching less all the time. That is not a fake thing; it is not a temporary thing; it is a real thing. People are experiencing it in their economic lives on a daily basis, and to hear the Democratic leader say, well, you know, all the spending they are going to do is not going to cost anything, that it is going to be covered by tax increases and those tax increases are just going to hit people in the higher income categories, also is something that just isn't accurate. Now let me just for a minute suggest something that I think is sort of fundamental when it comes to economics, and that is, when you have too many dollars chasing too few goods, you get inflation. The demand for a product goes up, and when the demand goes up, the price usually follows along with it.…”