Statements about Federal Budget
If Congress froze the current spending level and then cut it by 2 percent annually, "we could balance the budget in five years."
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."
George Allen "voted for 40,000 earmarks."
President Obama's "budget would call for about $25 trillion in debt by the end of his term, if he was re-elected."
"I was one of about a dozen (senators) who voted against the Bridge to Nowhere."
The national debt increased $16,000 every second George Allen served in the U.S. Senate.
Thomas Jefferson expressed "strong support" for a balanced budget amendment in 1798.
"The estimated savings of this (debt ceiling) deal only pay for half of the cost of extending all of the Bush-era tax cuts for another decade."
"As a percentage of our gross domestic product, the defense budget remains just 3.6 percent. This figure is low by all historical standards."
(Rep. Bob Goodlatte's) balanced budget amendment does not require a balanced budget.
"Harry Reid’s plan is basically giving the president a blank check."
"If you look at our tax mix, the share of corporate revenues as a percentage of our overall revenue mix has declined by about half over the last 30 years."
On subsidies for ethanol production.
Non-defense discretionary spending has increased "by over 80 percent in the last two years."
"The (national) debt really added up $75 trillion in 2010 and is on track to hit $99 trillion this year."
"Rep. Robert Hurt voted again today to end Medicare and raise health care costs for Virginia seniors."
"Gerry Connolly and his fellow Democrats went on a spending spree and now their credit card is maxed out."
"If you look at the benefits and wages of recorded federal employees, they far outstrip the market rates of the private sector."
The U.S. has "over $62 trillion in unfunded liabilities."
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