Statements about Deficit
"The Government Accountability Office estimated (Obamacare) will add to the long-term deficit by $6.2 trillion."
"Expanding Medicaid would require borrowing more money, drastically expanding our deficit."
"Not one dime gets added to the deficit because of Social Security."
"Quite frankly, it was during the Bush years of spending, multiplied now by the Obama years that we have this mess."
"In the last two years, we have reduced the deficit by $2.5 trillion."
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."
"Nobody in total is proposing cutting anything. We’re trying to reduce the rate of growth in government."
Says the New Year’s Day "fiscal cliff" deal "reduces the deficit."
Seven of America’s 10 wealthiest counties are in the Washington, D.C., area.
Says in fiscal year 2011, the state had "a projected $11 billion deficit."
"The problem with raising tax rates on the wealthiest Americans is that more than half of them are small business owners."
"If lawmakers fail to avert the fiscal cliff, 18 percent of the federal money that is sent to the states will be eliminated."
Says budget savings by reducing pay and benefits for federal employees total $103 billion over 10 years -- more than $50,000 per worker.
"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."
Budget analysts say the looming tax hikes and spending cuts would "take us into a recession and kill jobs."
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 his deficit plan "made some adjustments to (Simpson-Bowles), and we're putting it forward before Congress right now, a $4 trillion plan."
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