Political Quotes

“Madam President, I thank Senator Klobuchar. She is a valuable Member of the Senate, and she mentioned some savings or additional revenue from tax increases--some were $10 billion, one was $8 billion, and I think one was $3 billion. I would just say that over 10 years, that is how much those changes would raise. I would recall for all my colleagues that we unwisely spent $847 billion on a stimulus package that produced little income, and we are paying interest on that of about $27 billion to $30 billion a year. It adds up as the years go by, every year, just the interest on that one single expenditure. We have now gone 804 days without a budget in this body. During that time, this country has spent $7.3 trillion. That is $7,300 billion. We have paid in interest on the money we have borrowed $439 billion just in that period of time we haven't had a budget. Interest on our debt is $439 billion in 804 days. And we have accumulated, during this time, an additional $3.2 trillion in debt. During the past 2 years, under the super Democratic majority here in the Senate and in the House--60 Democratic Senators and the President's leadership--the discretionary nondefense spending went up 24 percent, and the President proposes in his budget next year to increase the Education Department, the State Department, the Energy Department, and the Transportation Department double-digit increases again, when this year 40 cents of every dollar we spend is borrowed.…”