Political Quotes

“Back on January 20, 2009, the day President Obama took office, the Federal debt in this country stood at $10.6 trillion. The Federal debt today, as we stand here today, is over $18 trillion. That is an increase of over 70 percent during his tenure. Debt now represents 101 percent of the GDP. In other words--let's put this in context--America owes more money to its creditors around the world than the value of all the goods and all the services that are produced right here in the United States in 1 year. That level of debt, quite honestly, is unsustainable. In fact, that is not just me saying this. The nonpartisan Congressional Budget Office, the CBO, states that our ``high and rising debt would have serious negative consequences for both the economy and the Federal budget.'' And it certainly does. Admiral Michael Mullen, also quoted on this floor before, perhaps put it best when he said: ``The single, biggest threat to our national security'' in this country is what?--``our debt.'' So, Mr. Chairman, Americans are faced with two paths right now: one that continues down the path of blissful neglect of our very real budget crisis; or on the other path, one that seeks an honest solution to it. Instead of solving our debt problem, President Obama has committed to exacerbating it. The President's budget would add another $8.5 trillion to our already staggering debt. But despite his $2.1 trillion in new tax increases, in addition, the Obama budget never ever balances.…”