Political Quotes

“A tax cut today with borrowed money is a tax increase tomorrow in the form of interest on the debt. One cannot have it both ways. The worst of it is this: This country ran up a $370-plus billion deficit last year. You know who financed it? Seventy percent of it was financed by foreign interests. Beijing, the Central Bank of China, has increased their holdings of American paper 105 percent since 2001. Now the Asians own almost $1 trillion worth of our paper. Every dime you borrow, 70 percent of it is being bought by Saudi Arabia, OPEC, Caribbean nations. Sooner or later, I am telling you, sooner or later, you keep on doing this and this bill, nobody disagrees with the substance of it, you just will not pay for it. Sooner or later when they do not see the world as we see it, we are going to be in deep trouble. I would say this bill is just a symptom of a far greater, more serious problem that is every bit as important to this country as any national security matter that I know of.”