Political Quotes

“Madam President, I want to share some thoughts this morning and to report to our colleagues on the analysis done by the Congressional Budget Office of the President's budget he has submitted to us and asked that we adopt. The budget has been roundly criticized as in no way getting us off this unsustainable path, and allowing the country to continue to head toward a financial abyss. Expert after expert, witness after witness before the Budget Committee--on which I am the ranking Republican Member--has testified to the danger we face and the need for us to take action. The Congressional Budget Office, in sum, concludes that the very insufficient reforms contained in the President's budget are more insufficient than the President has said, when properly analyzed. It is a very firm and severe rebuke to the President and his team of analysts who presented it to us. It is not good. I believe it is probably the most erroneous budget ever submitted to Congress, in changing the numbers by $2.3 trillion in debt. In other words, the Congressional Budget Office says the budget submitted by the President, which was supposed to add to the debt some $13 trillion or so, is actually going to add $2 trillion more to the debt over 10 years, more than doubling the national debt. This is a very serious matter. The budget presentation to the Congress continues a policy by this administration to minimize the danger of the debt crisis we face.…”