Political Quotes

“we here in the Congress and the White House seem at this point to be on the verge of an agreement which will pay two magnificent dividends to the American people. The first is the promise of a balanced budget, not just one time, not just on a touch-and-go basis, but perhaps with a sufficient number of reforms on spending policies so that we can reasonably expect a balanced budget for a considerable period of time in the future. Even the promise of that balanced budget, Mr. President, a promise made 2 years ago by the first Republican Congress, has been largely responsible for interest rates, on average, to be 1/2 percentage points lower than they were when that Congress came into being. For a middle-class family with an $80,000 mortgage and $15,000 automobile loan, that means $100 more a month for the family to use or to save or to spend on its own rather than on interest payments. Beyond that, Mr. President, it means that the United States will have substantially ended the practice of spending money that it did not have year after year after year, borrowing that money and sending the bill to our children and to our grandchildren. The second wonderful dividend which we seem about to present to the American people is tax relief.”