Statements about Debt
"Quite frankly, it was during the Bush years of spending, multiplied now by the Obama years that we have this mess."
Cobb is one of the largest school systems (in the nation) that is debt free.
In a budget deal struck in 2011 "a trillion dollars of cuts went into effect immediately, and then a special committee was set up ... to get agreement on another $3 trillion of cuts."
Of six Rhode Island tax-credit programs worth about $35 million, "three companies got 90 percent of that -- CVS and two companies not even located in the state of Rhode Island."
Says if Congress doesn’t avoid the sequester, "tens of thousands of parents will have to scramble to find child care for their kids."
Says, "when this governor came to office, he had (an) 11 billion dollar - I call it mismanagement – deficit."
"The only time in our history when the debt has been higher than this was the end of World War II."
Says "If Oregon’s Legislature simply authorizes $450 million for the CRC, it will … leave Oregon holding the bag for a great deal more cost responsibility."
"The last time Republicans held hostage a resolution to ensure that our country’s bills were paid cost us more than $1 billion in added interest and slowed the economic recovery."
"Even if you took literally every single ounce of platinum in the world, it still wouldn’t add up to enough needed to pay down our nation’s debt."
"In the four years before I became governor, we increased state debt $5.2 billion. We've paid it down $2 billion."
"The price tag amounted to nearly $4,200 for every man, woman and child in the state."
"If lawmakers fail to avert the fiscal cliff, 18 percent of the federal money that is sent to the states will be eliminated."
"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."
"We borrow $4 billion every single day, much of it from China."
"There are more oil rigs in operation in the United States than the rest of the world combined."
"Repealing and replacing Obamacare – that’s going to save $1 trillion over a 10-year period."
President Barack Obama’s "spending drove us $5 trillion deeper in debt."
Says under U.S. Sen. Robert Menendez’s watch the nation’s unemployment rate and debt doubled and the federal budget deficit quadrupled.
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