Political Quotes

“I know that I see one of our colleagues from the Rules Committee who wants to come speak, but I want to take just a second and respond in kind for my party, and that is that my party does recognize that there is much that does get accomplished because of the efforts of this government and the efforts of this Congress that fund good ideas and do things. A number of years ago, we became faced with, however, a circumstance where what lies in our immediate future is too much spending, which means that this country has to borrow money. It is money that needs to be paid back. But in the process of taking money, setting priorities, and spending money, there also is something called interest on the debt. And that is, if money were free and you could just borrow money but not pay interest for it, I am sure we would not mind how much we borrowed. But the bottom line is that is not the reality. The reality is that we have to pay for money that we borrow. And that debt which we have to pay money back for means that every single year the amount of money that we pay and that comes out of the pot of money gets larger and larger and larger. And paying back debt competes against money that we can spend on behalf of people. And so, at some point, if you just buy off on that we have got to spend more and more and more, that means that we have to take more as debt and pay more of interest.…”