Paul Gillmor Quotes

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

Federal spending is atrocious.

The deficit is the symptom, but spending is the disease.

Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a logical mystery.

When George W. Bush entered office, the national debt was $5 trillion. When he left, it was $10 trillion. I think the administration spent too much money.

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.

I've criticized Republicans for their lack of fiscal discipline when they controlled Congress before 2007. However, that is no excuse to just continue with more of the same or, as the case is now, to make it worse. Under House Speaker Nancy Pelosi's budget, we will double the national debt in five years and triple it in 10.

For the last 4 years, our Federal Government has produced the four biggest deficits in history, and the estimated 2006 deficit of $423 billion is projected to be the largest of all.

Republicans profess to be against deficits, but they are experts at creating and exacerbating deficits.

This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.

As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.

The real problem with the government is not the deficit; it is that the government spends too much money.

The state is out of control, the state is on a spending binge, the state has to stop putting itself in a hole that's getting deeper and deeper and deeper.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

The debt they ran up in the first year of the Obama administration is bigger than the last four years of the Bush combined.

My friend Paul Ryan talks about fiscal responsibility, but voted to put two wars on a credit card.

Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.

The Republicans in the House and the Bush administration are bankrupting this country.

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.

The reason Ronald Reagan gets slammed for having so badly exacerbated the problem of deficit spending is that he so plainly deserves it.

You can look at the state of California, which is on a pathway to destruction because they expanded government too much, thinking that there would always be someone to pay for it.

The same undisciplined government spending and social engineering that has undermined our economy over the past 30 years has also been tearing at the social fabric of this land.

As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.

To be fair, Republicans are not blameless. The deficit began to spiral out of control on President Bush's watch.