Political Quotes

On the recordApril 26, 2012
this Sunday, April 29, in a few days, will mark the third anniversary of the last time the Democratic-led Senate has passed a budget. Since that date, our Nation has spent $10.4 trillion while adding $4.5 trillion to the national debt. And that is how it is that we say nearly 40 cents of every dollar we are spending now is borrowed. We have accumulated $10.4 trillion in spending over these years since we have had a budget and we have added $4.5 trillion to the debt. We are in our fourth consecutive year of trillion-dollar-plus deficits and heading into the fifth year. Prior to these 4 years, the largest deficit we ever had was about $480 billion. We have more than doubled that every year since. It is a systemic problem--and not a little problem. The economy coming back would help, no doubt, but it will not put us on a sound path. We have to make some choices. Every person in America now owes, as their share of the national debt, $45,000--every American. Every man, woman, and child is carrying that amount as their burden as a result of the overspending of this Congress. For perspective--and we need perspective because the numbers are often hard to grasp--that per-person number is larger than any of the rest of the world, including Greece. Our per-person debt is greater than the per-person debt of Greece.…
Said by
Pete Sessions
Republican · Texas

Share

More from Pete Sessions

May 14, 2024

I appreciate the opportunity to speak on the floor about a very important topic but really to honor two people, Jackie and David Siegel of central Florida. Jackie and David Siegel, as proud Americans, have stepped up to form what is known…

govinfo.gov
Jan 17, 2024

I am a MAGA Republican and I recognize there is climate change.

congress.gov
Mar 8, 2023

The Federal Government is not at work. The Federal Government is not producing the results that we think would be necessary.

congress.gov
Sep 3, 2024

Congressman Sessions, when we get 10 people in a room, you get 10 different ideas.

congress.gov

Other voices in this conversation