Political Quotes

“Mr. Speaker, I rise today in opposition to the ``Budget Control Act of 2011,'' which, like the previous debt- ceiling bills introduced by my colleagues on the other side of the aisle, attempts to resolve our budget ceiling crisis by demanding sharp cuts to domestic programs that ask average Americans to make life- changing sacrifices while not asking America's wealthiest individuals and most profitable corporations to contribute their fair share. In my lifetime, I have never seen such a concerted effort to ransom the American economy in order to extort the American public. While I support bipartisan efforts to increase the debt limit and to resolve our differences over budgetary revenue and spending issues, I cannot support a bill that unduly robs average Americans of their economic security and ability to provide for their families while constraining the ability of Congress to deal effectively with America's economic, fiscal, and job creation troubles. The Budget Control Act of 2011 cuts $22 billion dollars from the Federal Budget for FY2012. Robert McIntyre, of Citizens for Tax Justice testified before the Senate Budget Committee that tax loopholes for corporations, big business owners and business investors cost the Treasury Department $365 billion dollars in FY2011. We need to change the tone here in Congress. Federal Reserve Chairman Ben Bernanke said it best when he stated in a recently before the House Committee on Financial Services.…”