Political Quotes

“I have been a long-standing supporter of a constitutional amendment requiring a balanced budget. I think this is our best hope to put America on a path to eliminating our yearly deficits and the $4 trillion national debt. A balanced budget amendment will promote fiscal discipline and should be enacted. The debt burden has a tremendous impact on the fiscal and economic well-being of the Nation. It cripples the economy, draining public and private savings. A sustained deficit will jeopardize our future growth and prosperity. Our children and grandchildren did not create this debt and they should not have to suffer the consequences. The deficit is not just a Federal issue. It is a local, personal issue, that impacts all Americans. The resources that are going to pay off old debts are not available for education and health care and to assist people in building new businesses and provide incentives for growth and job creation. This is money not going toward programs that serve the poor, children, and the elderly. If we work to substantially reduce the deficit, we can expect lower interest rates, and more investment in economic development, jobs, housing, infrastructure, transportation, education, the environment, and research and development. Every dollar we do not borrow today, strengthens the economy for future generations of Americans.”