Political Quotes

“I thank Senator Lee for his leadership on this cut, cap, and balance plan. I think it would change the debt trajectory of our country and put us on a path to prosperity rather than a path to decline and deficit and maybe financial crisis. Indeed, Mr. Erskine Bowles and Mr. Alan Simpson, the co-chairmen of the debt deficit commission appointed by President Obama, told us earlier this year in the Budget Committee that this Nation has never faced a more predictable economic crisis. What he is saying was the spending course we are on is so out of sync with reality, it is inevitable we will pay a price economically for that. So part of the reason we are where is because we have not had a budget in over 2 years. If you don't have a budget, it makes it harder for the American people to ascertain whether you are spending more than you ought to be spending, and the whole process is able to be pursued without public knowledge and full disclosure when you don't have a budget. Every President is required by the same Budget Act to submit a budget. I think there is no President who has failed to comply with the Budget Act and does not require that you go to jail if you violate it. It would probably be better off if that had been the case. But the President submitted a budget earlier this year in February.…”