Political Quotes

“Deficit spending has run rampant for too long. The federal debt has ballooned to nearly $6 trillion. With this legislation for the first time since 1917 we are reversing this trend. Uncle Sam will actually begin to pay off our $6 trillion credit card bill. Paying off our huge debt should be a top priority, not an afterthought. Under current law, any money left over at the end of the year is used to reduce the debt. This bill makes debt reduction a priority by setting aside the money up front. Reducing the public debt is good for the country. It increases national saving and makes it more likely that the economy will continue growing strong. American families benefit through lower interest rates on mortgages and other loans, more jobs, better wages, and ultimately higher living standards. Reducing the public debt strengthens the government's fiscal position by reducing interest costs and promoting economic growth. This makes it easier for the government to afford its future budget obligations.”