Political Quotes

“as ranking member of the Budget Committee, I am concerned about where we are as a nation, as we struggle to get our house in order. The chairman and cochairman of the Debt Commission, Erskine Bowles, Senator Alan Simpson, have told us we are facing the most predictable financial crisis in our Nation's history. When asked when we could have a financial crisis, we are talking about another recession, a double dip, or maybe worse, maybe a worldwide cataclysm from excessive debt--hopefully not--but that is what they told us we are facing, the most predictable crisis in history. We have gone 714 days in this Congress without passing a budget as we are required to do. The Budget Act requires Congress to pass a budget by April 15, and we have not achieved that. That is particularly problematic at a time of national crisis. I see my colleague Senator Corker from Tennessee here, who has worked very hard with some constructive bipartisan efforts to do something about the debt trajectory we are on. But I guess I want to first ask him, as a highly successful mayor of Chattanooga, received great plaudits around the country and within the State for his leadership, he had to deal with real numbers, real expenditures, and real budgets. As a very successful businessman, he has had the same challenge.…”