Political Quotes

“Mr. President, our country is in a very serious economic crisis. We are told by Mr. Erskine Bowles and Senator Alan Simpson--Erskine Bowles was chosen by President Obama to head his debt commission. They gave a statement to the Budget Committee, on which I am ranking member, that this Nation has never faced a more predictable economic crisis based on the size of our debt. All of us know that. The American people are angry with us. They cannot believe it is possible we are borrowing 40 cents of every dollar we spend. We are spending $3.7 trillion this fiscal year ending September 30. We will take in $2.2 trillion, give or take a few hundred billion. This is not acceptable. We cannot continue. How did it happen? How is it possible we are borrowing 40 cents of every dollar that goes out the door, increasing the permanent debt of the United States? Well, one way is what is happening now before us on the bill that is being moved today by Majority Leader Reid. It would add $6.9 billion to the FEMA account for emergencies. We just saw the legislation less than an hour ago, maybe 30 minutes ago. Has anybody given any serious thought to that? Seven billion dollars? The general fund budget of the State of Alabama is $2 billion. Mr. President, $7 billion is a lot of money, and we have not looked at it, we have not thought about it. It is above the budget, I guess above our budget numbers. We do not have a budget.…”