Political Quotes

“Mr. Speaker, the Democratic substitute recognizes the good public policy behind extending the 10 percent bracket. We believe that. But we also believe, unlike the majority, that it is irresponsible to do so by borrowing another $218 billion. Let me talk a minute about why we say that. I do not believe that people in this country know exactly how fast the balance sheet of our Nation is deteriorating. I do not believe people in this country have focused on or realize what has happened over the last 36 months or so. I am going to try to lay that out today in this debate. Mr. Speaker, we now owe collectively, all 290 million of us, over $7 trillion. We have borrowed an additional $280 billion so far this year. The majority approach is to borrow another $218 billion today with the passage of this bill. The gentleman just said if you do not vote for this bill, you are going to raise taxes on 23 million people. If you do vote for the bill, you are going to raise taxes on 290 million people, because every American in this land is responsible for the mortgages that have been placed on our country over the last 36 months. Mr. Speaker, it is heartbreaking to see the financial integrity of our country compromised like it has been.”