Political Quotes

“I thank the gentleman for yielding. Madam Speaker, another day, another opportunity to borrow $30 billion, much of it from the Chinese, and send the bill to our children and our grandchildren. Again, Madam Speaker, the American people are asking, what part of ``broke'' doesn't Congress understand? They don't get it. Now, I know my friends on the other side of the aisle say, ``Well, no, wait a second. This will actually reduce the deficit.'' Well, what it does, Madam Speaker, is it pairs temporary tax credits with permanent tax increases; again, some of that Washington accounting nonsense that has somehow put this Nation on the road to bankruptcy, that has brought us the first back-to-back trillion dollar-plus deficits in the history of our Nation, the kind of accounting that now provides us with the single largest debt in America's history. In fact, if you read the legislation, Madam Speaker, it has what is known as directed scoring. Under H.R. 5297, CBO is to determine the cost of this bill under credit reform without any adjustment for the market risk. In fact, CBO goes on to say that cost estimates made under FCRA do not provide a comprehensive measure of the cost to the taxpayers. Madam Speaker, again, when all is said and done, I predict the American taxpayer yet again will be called upon to borrow more money, much of it from the Chinese, and send the bill to our children and our grandchildren.…”