Political Quotes

“Madam President, the debt crisis has become a jobs crisis. There is no doubt in my mind that the debt we have now incurred is already weakening our economy. The gross Federal debt has increased by almost $5 trillion since President Obama took office, surging past 100 percent of our gross domestic product--100 percent of the size of the economy. Academic research shows this level of debt is already costing us 1 million jobs a year. Our debt is destroying growth and confidence in the economy. More borrowing--more borrowing--will only make matters worse. But according to the Associated Press in an article today, the President's job plan will add another $300 billion to the debt. This is the article by David Espo: The economy weak and the public seething, President Obama is expected to propose $300 billion in tax cuts and Federal spending Thursday night to get Americans working again. I would say that is what he says will get the American people working again. But we have already borrowed all we can borrow without damaging the economy. It has come to a point where we can't keep borrowing in a futile attempt to stimulate the economy when the increased debt itself is weakening the economy.…”