Political Quotes

“I wish to make a reference to the Budget Control Act. One of my colleagues said we are running away from the Budget Control Act. I would suggest that is not accurate. In truth, the Budget Control Act was a cap on spending, and the Republicans have proposed that we spend less than that, as any economist would tell us we need to do because it wasn't sufficient. The difficulty arises, however, when we consider what President Obama proposed with regard to the Budget Control Act. It is amazing. In August President Obama signed the Budget Control Act as an agreement to raise the debt ceiling by $2.1 trillion in exchange for reducing spending by $2.1 trillion. He signed that, it went into effect, and it is the current law today. But when he proposed his budget in January of this year that we will vote on later today-- and I expect it will not get a single vote, and it should not-- President Obama's budget wiped out half of those savings. So $1 trillion of those savings were wiped out, and he replaced it with almost--he added more spending in addition--Mr. President, I am having a little trouble thinking here. The PRESIDING OFFICER. The Senate will be in order. The Senate will suspend for a moment. The Senator from Alabama.”