Political Quotes

“Madam President, in the beginning of September, the Congressional Budget Office issued its latest budget outlook. The news wasn't good. CBO announced that next year our country's debt is projected to exceed the amount of our gross domestic product. In other words, the size of our debt will be greater than the size of our economy. That is a very bad position to be in. Countries with that kind of debt-to-GDP ratio face time-sensitive decisions if they want to avert an all-out economic crisis. Greece is just one recent example. We all know the kind of economic devastation and accompanying turmoil that Greece has experienced in recent years. Now, as the United States, we can probably hang on a little longer than most other countries before entering a full-blown debt crisis. It is helpful that our economy was surging before being waylaid by the onset of the coronavirus, but even we can't hang on forever. Sooner or later, if we don't address the size of our soaring debt, we are going to have a problem--a lot of problems, in fact. That is not something most of my colleagues across the aisle want to hear. They would like to spend as much as they want, whenever they want, on whatever new government program that they have come up with, and they imply that Republicans are miserly for not wanting to join them. Republicans, Democrats imply or sometimes say, just don't care about the ordinary Americans who would supposedly benefit from Democrats' spending. In fact, the opposite is true.…”