Political Quotes

“Madam President, I have been listening to the debate on spending and taxes and our debt and deficit. I come to the floor this morning with a few visual aids and charts and graphs to try to dispel some of the myths I have been hearing. The first myth I constantly hear is about the Draconian cuts being proposed in the House budget. I think this chart pretty well dispels that by showing that 10 years ago, in 2002, the Federal Government spent $2 trillion. This last year--this year--we will spend about $3.8 trillion. We have doubled spending in just 10 years. The debate moving forward shows that under the House budget, we would spend $4.9 trillion. President Obama's budget proposes spending $5.8 trillion. I think it is clear to see from this chart that nobody is proposing net cuts in spending. We are just trying to limit the rate of growth in spending. Another way of looking at spending is over 10 years. In the 1990s, the Federal Government over a 10-year period spent $16 trillion. The last decade, from 2002 through 2011, the Federal Government spent $28 trillion. Again, the debate moving forward is, over the next 10 years do we spend $40 trillion, as the House budget proposes, or do we spend $47 trillion? Again, no cuts, just trying to reduce the rate of growth. Let's talk a little bit about what the Federal Government has spent under the current administration. Over the 4 years of President Obama's administration, the Federal Government in total will spend $14.4 trillion.…”