Political Quotes

“we have seen, as Mr. Boyd pointed out, an unprecedented amount of borrowing take place since 2001. No political leadership in this country has borrowed as much money as quickly as we have seen over the last 80 months or so. That's just part of the story. Let me tell you the other part of the story. This administration has borrowed more money from foreign sources than all 42 administrations before it put together. And apparently, some here on the floor want to keep doing what we've been doing. This budget resolution is like an aircraft carrier. It takes seven miles to turn an aircraft carrier. This starts the turn back toward some degree of fiscal sanity. Let me tell you what the consequences of what we have witnessed are with this foreign borrowing. Today, because of these practices, we are borrowing. Remember, now, we are in war in Iraq and Afghanistan. We are borrowing from foreign sources $505 million a day, $21 million an hour, which means we've borrowed probably close to $80 million since we started this debate, $351,000 a minute, $5,852 a second, for a total a year of $182 billion a year that everybody around the world is letting us have so that we can maintain, as some would suggest, our standard of living. All of you know that when you degrade your financial base to the extent that we have and that we are continuing to do unless we begin to change courses, as this budget does, this country is going to wind up in the trash bin of history.”