Political Quotes

“Mr. President, I rise to talk about the debt crisis our Nation is facing and how we can come together to fix it. We do talk about how we are putting this debt on our children and grandchildren. The time is on us right now. The bill is coming due. We are facing the most predictable crisis in our Nation's history with our current financial situation. It is a problem we can all see and that we can all acknowledge must be fixed. Of course, acting is not as easy as talking. If it were that easy, we would not be so far in debt. For some time, we have been talking about reining in spending and making sure that our grandchildren aren't saddled with the enormous debt our country is facing. Now we are facing the reality of reaching the debt ceiling--a cap that has increased to $14 trillion--that is trillion, with 12 zeros--more than $2 trillion over the previous debt limit of $12 trillion--a little over a year ago, in February of 2010. We have raised the debt ceiling 74 times since 1962, and we have raised the limit 10 times since 2001. Listen to this. In the last 4 years, we have raised the debt ceiling five times. It is accelerating. What does this tell us about our spending habits? The numbers don't lie. It tells us we have had to raise the debt ceiling to keep up with increased Federal spending. It tells us we have forgotten entirely how to live within our means, and that we need to make serious decisions about cutting Federal spending. We need to make those decisions now.…”