Political Quotes

“Mr. Speaker, the President submitted a budget, a budget that never balances. In fact, it doubles and triples the debt. It went to the United States Senate, and 97-0--97-0--not one Democrat voted in favor of that. Has the President submitted any sort of adjustment or amendment to that? No, he has not. The reality is this President has no plan. We have a plan. We can solve the underlying problem and take care of paying our bills on August 2. I yield 2 minutes to the gentleman from California (Mr. McClintock), a member of the Budget Committee. {time} 1620 Mr. McCLINTOCK. I thank the gentleman for yielding. Mr. Speaker, this vote stands as a defining moment in this crisis. Every rating agency has warned that an increase in the debt limit without a credible plan to balance the budget will do great damage to our Nation's credit. And worse, fiscal experts warn that without such a plan we risk a sovereign debt crisis within the next 2 years. This measure gives the President everything he has asked for--the $2.4 trillion debt increase to pay for the bills that he and the Congress have recklessly racked up. But it also calls for a constitutionally enforceable workout plan to place our Nation back on the course to fiscal solvency, the centerpiece of which is a balanced budget amendment that has been proposed in one form or another since the birth of our Constitution and that 49 States have adopted.…”