Political Quotes

“Mr. Chairman, for too long Congress has been allowed to play by a different set of rules than the American people in regard to how we budget. No one lives in a world where there is seemingly an endless supply of money, that is, until you enter the fantasy world of Washington, D.C. However, hardworking American families, businessmen, and businesswomen live in the real world. They have to budget. They have to prioritize and make trade-off decisions: wants versus needs, what is good and what is essential. The bottom line, they have to live within their means. But, apparently, our government has been exempt from such basic principles of fiscal responsibility under which we the people must live. The prevailing budget philosophy over the years among our representative leaders has been as follows: as long as we can borrow it, you can bet your bottom dollar we can spend it. And spend it they have. This borrowing-and-spending delusion has left us on the brink of bankruptcy. We are $20 trillion in debt, which puts our country in the worst debt position in the history of America, and this with the sacred constitutional charge to secure liberty for our posterity. That means give freedom to our children. Mr. Chairman, there is no freedom with this level of debt. If we don't do something about this looming debt crisis and stay on our current spending trajectory, in less than 10 years, we will be at $30 trillion in debt. We will have $1 trillion in annual deficit.…”