Statements about Deficit
Says President Obama said of the national debt, "If I don't have this done in three years, then there's going to be a one-term proposition."
Says he never voted for a "tax increase."
"When I left the Senate, we were on a trajectory towards a balanced budget."
As a congressman, Mark Neumann "voted four times to increase our debt."
The Congressional Budget Office "has already doubled its estimate for the cost (of Obamacare) so far from roughly $800 billion to $1.7 trillion."
If the U.S. didn't borrow $1.2 trillion every year "to fund government operations," that money would be available "for entrepreneurs and business people to put to work creating jobs and building and expanding their businesses."
The Mack Penny Plan for the federal budget "would balance our budget by 2019" and "continues to gain support."
President Obama’s health-care law will "add trillions of dollars in debt."
Obama has "racked up more debt than any president in history — over $5 trillion."
Ronald Reagan "raised taxes in 1982, 1984, 1985, 1986 and 1987."
"When Mitt Romney was governor, Massachusetts ... (had) more debt per person than any other state in the country."
Says Joe Kyrillos "voted to raid the state's pension funds by $2.8 billion that is costing New Jersey taxpayers still today to the tune of nearly $15 billion dollars to repay that money."
"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."
"The U.S. is borrowing approximately $2.52 for every $1 of economic growth so far in 2012."
National debt plus unfunded liabilities adds up to $520,000 per American household.
Obama promised to cut the deficit by half by the end of his first term but he "hasn't even come close."
George Allen and his colleagues in the Senate "turned the biggest surplus in the history of the United States into the biggest deficit in the history of the United States."
If Congress froze the current spending level and then cut it by 2 percent annually, "we could balance the budget in five years."
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.
President Obama gave Egypt's Muslim Brotherhood one and a half billion dollars.
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