Political Quotes

“the proposal of my friend the majority leader--and I know he has a tough job--is how the Nation goes broke, how the Nation loses the confidence of the people we serve. In August of 2011, this Nation agreed to the Budget Control Act. My friend Senator Reid said the Budget Control Act was as good as a budget. It is not, but it has some teeth to it. What it did that is indisputable, it limited the growth in spending. We said we would raise the debt ceiling $2.1 trillion immediately, which has already almost been spent--we have run up that much debt since August 2011, another $2 trillion--but in addition, we would reduce spending over 10 years by $2.1 trillion. The sequester involved $1.1 trillion of that if the committee didn't reach an agreement that would have specified cuts across the board. They are not wise cuts. We shouldn't have done it that way, but it was a reasonable amount of money for sure. So in the Budget Control Act that was passed, spending would have gone up from a flat $37 trillion over 10 years to $45 trillion over 10 years instead of going up to $47 trillion over 10 years. So the growth would be from 37 to 45 and not 37 to 47. That is not a real cut in spending. It is a reduction in the growth in spending.…”