Statements about Federal Budget
Says "right now, we have more military spending than the next 10, 11, 12 countries combined."
Says "how much money the government is collecting from people...in terms of the gross domestic product" is "the lowest in 40, 50 years."
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 the U.S. Senate has passed "a budget" over the last three years "called the Budget Control Act."
"The Senate has not passed a budget in more than three years, not a good budget, not a bad budget, no budget."
Says Republicans "have declared that they’re going to convert the Medicare program into a voucher program."
"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."
Says under President Barack Obama there’s been "the lowest discretionary spending we’ve had in decades in the United States."
Says Rep. Paul Ryan’s budget proposal "would effectively double the interest paid out on existing and future student loans."
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.
"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."
"Last year we spent more than $40 billion on highways. And Lord knows we need that. But that's more than we spent on Amtrak in its entire 40-year history."
Says Barack Obama had "huge majorities" in Congress during his first two years in office and "did nothing with them to create jobs in America."
"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 President Barack Obama failed "to stand up for the bipartisan debt solutions of the Simpson-Bowles Commission."
Says "as a share of the US economy, the government’s support for research and development (R&D) has fallen by nearly two-thirds since the 1960s."
The deal to raise the nation’s debt ceiling will "directly link a debt ceiling increase to spending cuts for the first time ever."
"Every president has raised the debt ceiling."
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