Statements about Debt
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.
Says opponents of proposed Austin school district bonds say the district’s "debt load doubles with these new bonds."
"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."
Says Barack Obama has added $16 trillion to the national debt.
Says that when Democrats controlled Congress and the White House, federal spending as a share of the Gross Domestic Product leapt from 18.2 percent in 2001 to 25.2 percent in 2009 -- the largest such increase in any eight-year period since World War II.
Says our national debt is greater than our gross domestic product.
Says federal debt "doubled during the Bush administration."
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