Political Quotes

“The gentleman from Georgia (Mr. Kingston) referred awhile ago to mandatory spending. There is no more mandatory spending than interest on the national debt. What we are doing as Americans, not Democrats or Republicans, but as Americans who represent the American people here, all 435 of us, with the charts that the gentleman from Mississippi (Mr. Taylor) showed, we are building in a tax increase on the American people that is structural, because we are borrowing so much money today. You are spending money. You are just not spending it today; you are spending it tomorrow. And you are spending it in the form of interest, additional interest, on the debt, because that is mandatory spending. The interest has to be paid. And when you talk about mandatory spending, you are building in more mandatory spending and have in the last 25 months than any of the Democratic numbers there would indicate. So I just want to say, mandatory spending is a problem; but interest is certainly a part of that.”