Political Quotes

“Well, Mr. Chairman, here we go again. Fifteen years after George Bush warned the Nation about voodoo economics, my friends on the other side of the aisle are at it again. They are trying to tell the American people that a 5-year, $188 billion tax cut is an important stop along the road to a balanced budget. This time the American people know better. They know, as I do, that this tax cut bill is fiscally and economically irresponsible. They know that you can't get something for nothing. The American people know their history. They saw the national debt climb from less than $1 trillion in 1980 to more than $4.7 trillion today. Americans know that tax cuts did not balance the budget in 1981. And they know that tax cuts will not balance the budget now. Our constituents understand what uncontrolled deficit spending means for the family budget. This year, the typical American family of four will spend $3,100 just to pay interest on the national debt. This is not their total tax bill. Nor is it their share of the total national debt. It is simply the amount of money they will spend to pay off the investors, many of whom are located overseas, who have purchased Treasury bills and other debt instruments of the U.S. Government. The best way to help American families is to cut the deficit and to bring down the crippling interest payments that our constituents have to pay each year. This is the tax cut the American people want.”