Political Quotes

On the recordJune 23, 2011
Mr. President, I am reading in press reports that some of my colleagues across the aisle are advocating another stimulus package, sometimes called government investment, otherwise called spending taxpayers' money that we do not have and borrowing it from our children and most immediately from the Chinese, who own $1 trillion of our national debt. It is astonishing to me that after the last stimulus package early in 2009 failed to meet the President's own stated target of keeping unemployment to 8 percent or lower, some of our colleagues are trying to double down on a bad deal by advocating more stimulus, when 43 cents out of every dollar that is being spent in America today is borrowed money. I mention that the President in his speech on Afghanistan last night said the Federal Government needs to invest more. Well, I do not think anybody should be fooled by what he really means when he says the Federal Government must invest. The only money the Federal Government has is the money that comes from your wallet, from taxpayers. When there is not enough money coming in to keep up with the reckless spending habits of Washington, DC, then they simply borrow the money or print money we do not have, and that is what ``investment'' means when the President talks about needing to invest more Federal Government money.…
Said by
John Cornyn
Republican · Texas

Share & report

More from John Cornyn

Mar 27, 2025

Mr. President, if there is no further business to come before the Senate, I ask that it stand adjourned under the provisions of S. Res. 148. There being no objection, under the previous order and pursuant to the provisions of S. Res. 148…

Congressional Record · 2025-03-27
Mar 27, 2025

Mr. President, I have seven requests for committees to meet during today's session of the Senate. They have the approval of the Majority and Minority Leaders. Pursuant to rule XXVI, paragraph 5(a), of the Standing Rules of the Senate, the…

Congressional Record · 2025-03-27
Jul 16, 2025

I’ve talked to him about it a number of times. He is not ready to make that endorsement.

nbcnews.com
May 6, 2025

This is a once in a generation opportunity to get our fiscal house in better shape.

cnn.com

Other voices in this conversation