Statements about Debt
"We went from $160 billion deficit spending in (President George W.) Bush's last year to $1.6 trillion the following year."
The federal government "has $3 trillion in cash flow, so we can pay our bills" and won’t default.
A congressional laundry closed due to the partial government shutdown.
"The amount of interest" paid on the federal debt exceeds "total tax revenue."
Because of Gov. Scott Walker’s budgeting, a greater percentage of general fund tax dollars is "going to pay off debt than ever before in our history."
"I’ve got the spending down, I’ve got the debt down a little bit, I’ve got the reserves up."
On average, college students "are taking six years to get a four-year degree."
Says "in Oregon today, the average debt upon college graduation is more than $24,000."
"The Congressional Budget Office, a nonpartisan office, did an analysis and said that passing comprehensive immigration reform will reduce the federal deficit by $200 billion over the next decade."
"The U.S. Postal Service doesn’t run on your tax dollars. It’s funded solely by stamps and postage."
Economic Development Commission Executive Director Keith Stokes "sent me a letter and he said the taxpayers will never be on the hook for these bonds" for 38 Studios.
"Barbara Buono by the numbers: As a Trenton politician, she voted to raise taxes 154 times. Under her, property taxes up 70 percent. Backed a 16 percent sales tax increase. Utilities, nursing homes, cell phones, parking lots, lottery wins, gyms – She taxed them all. Architect of Corzine’s budget, she drove New Jersey $2 billion into debt. Barbara Buono by the numbers: taking New Jersey backwards."
"The average student comes out of college hundreds of thousands of dollars in debt."
"Jon Corzine, elected governor. Teams up with Barbara Buono. $1.2 billion sales tax increase? Passed. Most spending in state history? Passed. After Buono named budget chair, taxes and fees increase 23 times in just two years. State debt? Up $13.4 billion. Unemployment? Doubled."
"Forty-six cents of every dollar" Ohio could get for Medicaid expansion "is going to come from China or some other country that doesn’t like us very much."
Historically, the Social Security tax has been assessed on about 90% of U.S. income. Now it captures 83% because there's been such a growth of income among the highest earners.
"Expanding Medicaid would require borrowing more money, drastically expanding our deficit."
Wars in Afghanistan and Iraq have cost every U.S. family $45,000.
Says opponents of proposed Austin school district bonds say the district’s "debt load doubles with these new bonds."
"If anyone should know irresponsible it should be Senator Buono. She’s the one, her budget left us with a $2 billion budget deficit in fiscal 10 that I had to fix. Her mistakes. And for fiscal year 2011 an $11 billion budget deficit. Her mistakes, along with her partner Jon Corzine."
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