Political Quotes

“The economist Milton Friedman once said: Keep your eye on one thing and one thing only: how much the government is spending, because that is the true tax. . . . If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or in the form of borrowing. The Senate is poised to enact another tax on the American people this week--tonight, in fact--a $200 billion tax that will leave a hole in the Social Security trust fund. This tax will give extra Social Security benefits to just 4 percent of the American workforce at the expense of the other 96 percent of hard-working Americans. We must be honest with ourselves in acknowledging that this bill is fiscally irresponsible. To make matters worse, it is entirely unnecessary at this moment in time. There is no reason why we have to be pressed to pass it tonight. Congress is up against no particular deadlines, nor is any program at risk of expiring. Social Security is already on a dangerously unsustainable path. The trust fund is projected to run out of money in the next decade, which would lead to an across-the-board benefit cut. This bill would accelerate that crisis. To tax the American people to the tune of another $200 billion is ludicrous by itself, but to do so when there is no immediate need is nefarious. To that end, the pending measure, H.R.…”