Political Quotes

“Madam President, our economic situation grows more dire by the day. Our unemployment rate has gone back up to 9.1 percent. Last month, only 54,000 jobs were created. You have to create over 125,000 to stay even. Housing prices remain in free fall. Since 2007, home values declined by more than they did during the Great Depression. In large part due to QE2, Americans are facing higher gas prices and higher food prices that are cutting into their family budgets. Now there is increasing pressure for a QE3, which would only accelerate commodity inflation. Looming over all of this is our national debt. We have a national debt of nearly $14.5 trillion. That actually understates things. This is how USA Today calculated it earlier this week. This chart says it all. Let me read that: ``U.S. owes $62 trillion.'' Let me read that again so it sinks in: ``U.S. owes $62 trillion.'' Numbers such as this are frightening to the American people. They are numbers fit for a banana republic, not the great United States of America, and they are numbers that demand a balanced budget amendment to the U.S. Constitution. I do not say this lightly. Our Constitution has served us well, working over more than two centuries to guarantee and extend liberty and equal rights of American citizens. But from time to time it has become apparent that the Constitution needs to be amended.…”