Political Quotes

“The nonpartisan Congressional Budget Office's latest forecast says this year's Federal deficit will shrink by 41 percent compared to last year's. That point bears repeating. The deficit is shrinking--and dramatically--thanks to the bipartisan actions taken by this Congress earlier this year. The CBO now projects a deficit of $642 billion, which is $200 billion less than projected just 3 months ago, the lowest level since 2008. Just 4 years ago, the deficit was over 10 percent of our GDP. This year, it's projected to fall below 5 percent-- half of what it was just 4 years ago. Now, I understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle, who, just as they did in the summer of 2011 unfortunately, tried just last week to manufacture yet another debt crisis where none exists. I would note that it was only a few months ago that we worked together in a bipartisan fashion to suspend the debt limit. On the heels of our New Year's Day compromise on the tax portions of the fiscal cliff, my Republican colleagues recognized the dangers of yet another debt showdown on the markets and on the possibility of downgrading U.S. creditworthiness; but rather than build on that rare moment of bipartisan comity and work with Democrats on a balanced plan to put our Nation back on the path of fiscal responsibility, House Republicans doubled down. They pushed ahead with their ``cut spending at any cost'' agenda.…”