Political Quotes

“Mr. President, first, I thank my colleague, Senator Kyl, who is this body's premier student of the nuclear strategic posture of the United States. I served and have served as chairman of that subcommittee of Armed Services. I share his concern. I am thankful that he is here and is keeping up with these matters year after year. Most of us would rather not talk about them, but they represent the serious responsibilities of a great nation that must be able to defend itself, to be able to live freely and prosperously. So I thank the Senator for his remarks, and I value his friendship and enjoy following his leadership. Last week, the Congressional Budget Office issued a report that--our Congressional Budget Office's leadership is selected by the majority in the Congress, the Democratic majority--that report showed our deficit for this year, which will end September 30, will be $1.5 trillion. That is the largest deficit the Nation has ever had. The last 2 years have been $1.3 trillion and $1.4 trillion. This year's deficit is projected to come in at $1.5 trillion. We complained--I have--that President Bush spent more money than he should have, but his highest deficit was one- third of that, or $460 billion. So we are at unprecedented levels of annual deficit and debt. Our gross debt, the total United States debt, internal and external, will equal, by the end of the year, 100 percent of GDP.…”