Political Quotes

“The PAYGO rule, as we have here now as Mr. Ross pointed out, is basically what all of us do in our private lives. We live within our means. We pay our bills, and we hope we have some left to invest in the future. This government has done none of that. And some people around here have argued about the AMT situation that you alluded to, that we don't have to pay for that because it wasn't intended to affect these people; therefore, it doesn't exist. If I said that in Tennessee, they would say that fellow's been in Washington too long. Only in Washington would somebody even dare make a statement as ludicrous as that is. We've also heard people here in this town say deficits don't matter. Well, if deficits don't matter, why don't we abolish the tax code and just borrow what we need? Of course deficits matter; they matter to all of us. Some people around here think the laws of arithmetic stop at the steps of the Capitol and the front door of the White House. Well, they don't, and this is why. As we are plunging this country into debt that's been done on a massive scale in the last 6 years, that no political leadership in the history of this country has gone there, we are transferring more and more of our assets to foreign-held powers.”