Political Quotes

“Madam President, today we are beginning what might prove one of the most consequential debates in American history. The American people are demanding that Congress debate and pass a balanced budget amendment to the Constitution. They are going to get that debate, and I am confident that if Congressmen and Senators listen to their constituents, the citizens of this Nation are going to have the opportunity to ratify a balanced budget amendment this year. All 47 Republican Members of the Senate are of one mind on the need for a balanced budget amendment to the Constitution. We have listened to our constituents who are pleading with us to take action that will permanently resolve our debt crisis and keep us from getting into this situation again. The situation is a disaster. We all know the numbers: three straight trillion-dollar-plus deficits; $14.5 trillion in debt and rising every day; $62 trillion in total liability that this government owns. Since Democrats last passed a budget--that was over 790 days ago--our national debt has risen by $3.2 trillion, and now the administration is asking for more. We simply cannot do this anymore. Madam President, 100 percent of our tax revenues are spent on mandatory spending and interest on the debt. Every other penny is borrowed. The money is simply not there to finance a government of this size, and everyone knows this, although not everyone will admit it. They know deficit spending and skyrocketing debt have come to an end.…”