Statements about Deficit
Says, "when this governor came to office, he had (an) 11 billion dollar - I call it mismanagement – deficit."
Says in fiscal year 2011, the state had "a projected $11 billion deficit."
"Every American now is $51,000 in debt. That’s money I owe, that’s money my children owe before they even go to kindergarten, that’s their check to the federal government right now."
Says Barack Obama "said when he was running for office four years ago that he would halve the annual deficit by the end of his first term. That simply has not happened."
Says under U.S. Sen. Robert Menendez’s watch the nation’s unemployment rate and debt doubled and the federal budget deficit quadrupled.
"(Barack Obama) says he’s going to reduce the long-term debt and deficit by $4 trillion, doesn’t say how he's going to do it."
Says Joe Kyrillos "voted to raid the state's pension funds by $2.8 billion that is costing New Jersey taxpayers still today to the tune of nearly $15 billion dollars to repay that money."
"It took us four years to balance the budget. Then I gave you four surplus budgets for the first time in more than 70 years, paid $600 billion down on the national debt."
"The U.S. is borrowing approximately $2.52 for every $1 of economic growth so far in 2012."
Says President Barack Obama "added" $6.5 trillion to the national debt in his first term, more than the $6.3 trillion added by the previous 43 presidents combined.
Says "we had to cut 13 billion dollars in state spending over two years."
"Senator Menendez said he would spend our money wisely. But our annual national deficit climbed from $250 billion a year to $1.6 trillion on his watch."
"Bob Menendez just voted to increase the government's debt ceiling to $1.9 TRILLION! In his 19 years in Congress, Menendez has helped overspend America over $15 TRILLION into debt."
Says in 1944 "we were in debt more than twice as much as we are now."
"When the national debt reaches $15 trillion, it means that U.S. debt-to-GDP ratio will reach 99.7 percent of our debt and this is $47,900 for every living American."
Says his administration balanced "two budgets with over $13 billion in deficits without raising taxes."
Says President Barack Obama failed "to stand up for the bipartisan debt solutions of the Simpson-Bowles Commission."
The deal to raise the nation’s debt ceiling will "directly link a debt ceiling increase to spending cuts for the first time ever."
"Recently we have seen our government debt grow by $3.4 trillion during the first 29 months of the Obama administration -- the equivalent of about $4 billion per day."
"Every president has raised the debt ceiling."
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