Statements about Deficit
Says the Congressional Budget Office has estimated "every penny of the federal budget will go to interest on the debt and entitlement spending by 2025."
The Buffett Rule "will bring in less than $5 billion per year. ... Enough to pay one week’s interest on the national debt."
The "Buffett rule" "raises virtually no money, maybe a day and a half of our borrowing per year."
"Since President Obama took office, our federal spending has increased by nearly 30 percent and our national debt has increased by almost 50 percent."
"Right now we have sufficient reserves to take care of Tennessee's lottery scholarship students for a few years more."
Says in the 2012 State of the Union address, President Obama "didn't even mention the deficit or debt."
President Obama's "budget would call for about $25 trillion in debt by the end of his term, if he was re-elected."
Says "we had to cut 13 billion dollars in state spending over two years."
Mitt Romney "left Massachusetts $1 billion in debt."
"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."
"The national debt is equal to $48,700 for every American or $128,300 for every U.S. household. It is now equivalent to the size of our entire economy."
"Sheldon Whitehouse's failure of leadership, the adding of almost $8 trillion in debt in his first full term, is shameful..."
A typical married couple "will contribute $119,000" into Medicare but will "receive $357,000 in Medicare benefits over their lifetimes."
President Obama has "said he is going to cut veterans' benefits."
"The Republicans have never done anything really to balance the budget."
Says federal spending has increased 21 percent over the past three years.
Says the Simpson-Bowles deficit reduction proposal went from President Barack Obama's desk to "the garbage can."
"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 taking millionaires off food stamps and unemployment would save $20 million.
Says in 1944 "we were in debt more than twice as much as we are now."
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