Political Quotes

“I thank the Senator. I appreciate that. The point the Senator made is tremendously important. All year we have conducted Senate business, with regard to the financial future of our country, in the most troubling way. It is unlike anything we have done in our history. I would say from a structural, systemic circumstance, this Nation has never had a more serious debt problem. We are borrowing 40 cents of every dollar we spend. Yes, we do have a war going on that is costing $150 billion this year. But the deficit this year will be $1.5 trillion. It is not the war. That is only about 10 percent of our deficit, unfortunately. Back in World War II, we could see our way out of the war and into our victory, and we saw great growth in the future. But the deficits we are now accruing every day, every week, every month are significant because they are going to be hard to change. We are spending more than we take in and we have got to change. We can change. If we do change we will get this country back on a growth path. I have repeatedly warned against avoiding the normal budget process this year, a process required by law but that this Senate under the Democratic leadership explicitly refused to do--the majority leader said it would be foolish to produce a budget. We are now about 820 days or so without a budget.…”