Political Quotes

“last month President Obama released his fiscal year 2016 budget proposal. Americans could be forgiven for thinking it was created in a vacuum, since the proposal completely ignores our current fiscal reality. Six years ago, when the President took office, our massive debt was already a massive $10.6 trillion. For the past 6 years of the President's administration, our national debt has increased by more than $7.5 trillion, to a dangerously high $18.2 trillion. That kind of debt slows economic growth, threatens government programs such as Social Security and Medicare, and jeopardizes America's future. But apparently the President is not concerned because the President's budget proposal would increase our national debt to a staggering $25 trillion-plus over the next 10 years. Let me repeat that. Over the next 10 years, the President's budget would increase our national debt to more than $25 trillion. Now, I don't need to tell the American people that kind of debt is unsustainable. American families know you can't keep racking up debt indefinitely, and they know the solution to being in debt is not increasing spending. It is too bad nobody in the White House has that same kind of common sense. The President's budget would increase spending by 65 percent over the next 10 years. If a family already in debt tried increasing spending that way, they would very quickly end up bankrupt. They would lose their home, their cars, their credit.…”