Statements about Federal Budget
The deal to raise the federal debt limit created the "largest debt ceiling increase in America’s history."
U.S. Reps. John Barrow and Sanford Bishop and their fellow Democrats "went on a spending spree and now their credit card is maxed out."
Every 10th dollar spent by the Social Security Administration on its program for the poor is "waste, or fraud, they can’t validate that the people should have gotten it," totaling about $8 billion a year.
If today's economy was rebounding at the rate of the "Reagan recovery," it would have created the equivalent of 25 million new jobs and raised federal revenue by $800 billion a year.
"When we lower tax rates, we generate more in revenues. That happened in '86 with the Reagan plan, happened in 2001, following the Bush plan."
Says the federal government borrows "almost $60 billion per week."
"There used to be 16 workers for every one person on Social Security. ... Now it’s three."
Says "an average of $4 billion is added to the national debt" every day.
"Every taxpayer owes about $130,000 to pay off the national debt."
One half of federal spending goes to Social Security, Medicare and Medicaid while the other half goes to other programs funded with money "borrowed from a foreign land."
If you tried to pay out $1 trillion by handing it out at $1 per second, it would take more than 31,000 years.
"Sixteen [federal] programs exist to fight homelessness" and some of them are duplicative.
Said he "opposed every budget Republican and Democrat."
U.S. Sen. Johnny Isakson "has never proposed, nor voted in favor of, a substantial cut in federal spending" and has voted for "many substantial increases in federal spending."
"Congress and President Obama have accumulated more debt since he took office than the total amount of debt accumulated during the first 200 years of the United States existence."
"It is wrong for the average federal worker today to make more than $100,000 while the average private-sector worker makes less than $70,000."
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