Political Quotes

“I thank Representative Morelle for yielding me the customary 30 minutes, and I yield myself such time as I may consume. Mr. Speaker, this rule provides for consideration of S.J. Res. 33, a bill to raise the debt ceiling by $2.5 trillion. The Federal debt limit began over 100 years ago, in 1917, and it has been required to be raised 100 times since then. The problem isn't whether we should increase our debt limit; it is that we have to issue debt at all. Debts are issued to cover the difference between what you make and what you spend. When you spend more than you make, you have to find a way to pay for the spending. We are in the middle of a spending spree. For the last 11 months, well over $1 trillion in taxpayer money was spent largely on partisan priorities, and more likely coming if the Democrats manage to get a final agreement on the Build Back Better Act or perhaps what more aptly might be described as a socialist spending scam. On December 10, the Congressional Budget Office published an estimate of the Build Back Better Act, confirming the bill's true cost to be almost $5 trillion, $4.9 trillion, while adding $3 trillion in new debt. Democrats claim the bill is paid for, but that is simply not true. Now, it is confirmed by independent analysis. Instead of zero dollars, the bill will create a carve-out for deducting State and local taxes that will add almost $250 billion to the deficit.…”