Political Quotes

“This motion would simply say this to our colleagues--it will be a defining vote for our Members; and Members need to understand the meaning of this vote--the question will be: Do you favor a balanced budget? Is it important to you? Have you said: I am going to vote for a balanced budget amendment. Have you said in your townhall meetings and in your campaigns and in your debates: I believe in a balanced budget amendment or I believe in a balanced budget, period. What we are saying is that this country can balance its budget. We can balance the budget in America today if we set forth a plan that allows the spending levels to increase by 3.4 percent a year for the next 10 years. Isn't that great news? We can spend 3.4 percent more each year. According to the data the Congressional Budget Office gives us and we rely on, we can do that and still increase spending over the next decade. Inflation is going to increase about 2 percent or a little over, according to CBO. Inflation will increase about 25 percent over the next 10 years and about 40 percent if we increase spending each year at 3.4 percent. That puts us on a path to balance. It begins to reduce the debt overhang for our country. It brings down the amount of debt we have in our country and puts us on a sound path. It does all the things we need. It sends a message to the world that we have our financial house in order.…”