Political Quotes

“I know I sound like Johnny one-note when I get up here talking about the debt and the deficit on everything that seems to come along. But I want to tell the Members this is serious business, what is happening. If Members want to talk about spending, we and this Congress are spending more money now than any Congress in the history of this country. We are spending it every year, beginning next year and into perpetuity, on interest. The difference between the bill the chairman has and what we tried to do to fix the problem like the Senate did in spending is $3.39 billion additional in spending, because that is what the interest over 10 years is on $80-something billion that is not paid for. Now, anybody who wants to get into an argument about spending, we are spending ourselves into oblivion. CBO just came out and said that the deficit this year will be $400 billion. They raised it $100 billion in a month. So $400 billion at 4 percent is an additional $16 billion next year just to pay the interest on the operation of this government that has lasted over 200 years. They sit here and they talk about spending. We are spending this country silly, and they are doing it by borrowing money that we have to pay interest on every year from now on. Last year we paid or accrued $336 billion in interest, for which nobody gets a job, nobody gets an aircraft carrier, nobody gets health care, nobody gets an education.”