Political Quotes

“Mr. President, first, I would like to thank the Senator from Georgia for his outstanding comments. He is truly a great addition to this body and to the Budget Committee, where I have watched him go through numbers. I once mentioned that he knew how to balance the budget because he had been in business before, at which point he corrected me and said: In business, you don't get to just balance the budget. He is very correct on that. We are at a point where we cannot afford to just balance the budget. We have to start paying down some of the debt if we expect our kids to ever be able to afford the interest. So I thank him for his comments. I am going to pile on with some more comments about some of those same things. I want to talk about what I have talked about several times over the past 5 years; that is the Dodd-Frank Act, which passed this body 5 years ago today, July 21, 2010. This mammoth bill, which totaled 2,300 pages, has, 5 years later, led to many thousands of pages of rules and regulations. It is estimated that only 238 of the 390 rulemakings required by the law have been completed--millions of pages, and we still only have 238 of 390 rulemakings that the 2,300-page bill required.…”