Political Quotes

“Mr. Chair, I think I have to address some of the things that I think are out of line or misspoke with regard to the other party today. First of all, I want to point out there are not a lot of details in this budget. The budget has a lot of top-line numbers in which we try to keep tax cuts that went into effect 8 years ago in effect because we had a strong economy with high employment. There are no specific cuts in here. The frustrating thing I hear from the other side is that they are talking about that any cut or any reduction in spending is a problem. Let me remind people, 26 percent of the current level of spending for the current year is borrowed. That should be of huge concern to everybody. The average American has about $100,000 as their share of debt. Think of that, a family of four has $400,000 in their share of the debt. The average person or the average American in the budget coming up this year will be spending about $20,000. The Acting CHAIR. The time of the gentleman has expired.”