Political Quotes

“A great political philosopher once said, if you do not change directions, you might end up where you are headed. Let us look at where we were headed; as we look at the budget deficits over the course of the years, we see the Johnson, Nixon, Ford, Carter, Reagan, and Bush deficits. When President Clinton came in, we passed a budget in 1993 without any Republican support in the House or Senate. The Republicans took over the House and Senate after the 1994 election, but remember, when they passed massive tax cuts similar to the ones that they passed in 2001, President Clinton vetoed those bills. They threatened to close down the government if he did not sign them. He vetoed them again. They closed down the government. He vetoed them again, and it was essentially the Clinton plan that ran us up into surplus. Within 1 year of the Bush administration, we are back down into deficits, and everything that we are spending on the war, since there is no way to pay for it, adds on to the bottom line, so this chart really might go off the chart. What is the plan? In 2000, we had a surplus. By 2001, we have spent all of the Medicare surplus. September 11 is 3 weeks before the end of the fiscal year. The fiscal year ends September 30, so this was done before September 11, 2002, we are spending all of Medicare, all of Social Security, and $160 billion in more debt.”