Political Quotes

“the most consequential question now before Congress--the one that most impacts the most people we all represent-- is whether the United States of America will do what it has always done: pay its bills in full and on time. It was Alexander Hamilton who established the precedent that has become an enduring principle: America pays its bills. But in order to preserve that principle, Congress must raise the debt limit. It is important to remind ourselves that raising the debt ceiling does not allow any additional spending, nor does it include new obligations for our taxpayers. It allows Congress to continue to pay for the spending that has already been approved by this and prior Congresses. The debt ceiling is an anomaly in the United States. Other countries recognize the obvious. When a legislative body approves spending-- whether it is for the defense of the nation, the healthcare of its citizens, the support for its farmers--it is then that the legislative body incurs the obligation. It is really no different than when a family takes out a mortgage or a car loan. When that bill becomes due each month, you pay the mortgage and you pay the car loan. Otherwise, things end very badly for that family, as they will for our country if we allow the United States to default on its debt. The debt limit debate in the past was accompanied by political grandstanding from both parties. The party out of power used it to criticize the economic record of the incumbent party.…”