Political Quotes

“I rise to speak for the generations of Americans who this body is irresponsibly drowning in debt. Now, to be clear, debt is a bipartisan problem. Debt is a problem both parties bear substantial responsibility for. To understand just how true that is, we need look back just 21 years. In the year 2000, when this century began, our national debt stood at roughly $5 trillion. Mr. President, I want you to pause and think about that. The year 2000 wasn't that long ago. Five trillion dollars is the total amount we owed. In 2001, George W. Bush became President. During the 8 years of Bush's Presidency, the debt doubled from $5 trillion to $10 trillion. My party bears a significant degree of responsibility for that growth. Then in 2008, Barack Obama was elected President; and over the next 8 years, the debt doubled again, from $10 trillion to $20 trillion. I want you to pause and reflect on that. The $5 trillion debt that we started the 21st century with had been accumulated by 42 Presidents over two centuries; and then two Presidents, over 16 years, one a Republican and one a Democrat, took our debt and increased it by 300 percent, quadrupled the Nation's debt in 16 years. As we stand here today in 2021, some 9 months into the Joe Biden Presidency, the debt is roughly $29 trillion. My home State, the great State of Texas, has roughly 29 million residents. That means the national debt is $1 million for every man, woman, and child in the State of Texas.…”