Political Quotes

“The other thing that the supporters of this economic plan for our country say, well, do not worry about it; as a percentage of the gross domestic product, it is not historically too high. Well, when it was higher was World War II, and we did deficit spend and we borrowed a lot of money; but you know who bought the debt then? Americans, the war bonds, the savings bonds. They are not buying it today. They do not have the money to buy it because the middle class you talked about earlier is shrinking, not growing. It is shrinking. So we are not even financing our own debt. I had a fellow call me on the phone the other day and said, I am afraid we have gone from the greatest generation to the greediest generation, and if our forefathers had borrowed money like we have seen in the last 48 to 60 months, at this pace, I guarantee you we would not have the standard of living that we have enjoyed in this country up to now. You said it pretty well awhile ago when you said this country was built with investment in infrastructure and human capital, and we are robbing ourselves of the ability to do that. We do not have the drug task forces. If there is anything on Earth we need to do in this country it is to try to alert the young people to the dangers of that, and the gentleman from Nebraska (Mr. Osborne) spoke, I thought, very eloquently about that. It is zeroed out. We are eating the seed corn, so to speak, with regard to our investing in the future.…”