Political Quotes

“I thank the gentleman for yielding. The chart he has up does compare the U.S. to Greece. But what is really frightening about that chart is, in 5 years, our debt to GDP will be at 112 percent, whereas right now Greece is 115 percent. In other words, in 5 years, we're going to be right where Greece is right now. And that illustrates the type of nosedive that the gentleman said we are in. Mr. Akin, could I ask you to put up the chart that you have there that is called ``Tidal Wave of Debt''? The chart that he's going to put up was prominently displayed on numerous occasions today in the House Budget Committee, where we heard from Dr. Ben Bernanke, the Chairman of the Federal Reserve. Multiple questions made reference to this chart. And it is the trajectory on this chart that Dr. Bernanke expressed such concern about. If you look at the line of 2010 and follow it through the year 2046, which is the end line of that chart, you see the enormous upward spiral of our debt. This is, of course, part of the unsustainable situation that Dr. Bernanke was asking us to address. And if we do not, we will put our country in terrible financial straits. So, we talked about a number of alternatives. One is americanroadmap.org, which is the ranking member of the Budget Committee, Paul Ryan's proposal. It is very comprehensive.…”