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"We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid."
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"We can pay our debts to the past by putting the future in debt to ourselves."

"Debt is great source of inner unhappiness."

"A national debt, if it is not excessive, will be to us a national blessing."

"First our pleasures die - and then our hopes, and then our fears - and when these are dead, the debt is due dust claims dust - and we die too."

"I talked to a lot of employers who just are, are fearful of what's coming next out of Washington. It's all the spending, it's all the debt. It's their national energy tax, they want to call it cap and trade - more mandates, higher costs, more taxes. Their healthcare bill - more mandates, higher costs, higher taxes."
Explore more quotes by John Spratt

"This war so far has cost us $125 billion and counting, because largely we decided to do it on our own, with only the United Kingdom as a paying, fully participating partner."

"What we are effectively doing, I say this to the young people of America whom my colleagues represent, is leaving our children and grandchildren the tab for fighting a war, letting them pay for the lion's share of it by simply adding it to the national debt."

"With no other security forces on hand, U.S. military was left to confront, almost alone, an Iraqi insurgency and a crime rate that grew worse throughout the year, waged in part by soldiers of the disbanded army and in part by criminals who were released from prison."

"Our country, the United States of America, may be the world's largest economy and the world's only superpower, but we stretch ourselves dangerously thin by taking on commitments like Iraq with only a motley band of allies to share the burden."

"We would take a little bit of money out of a huge increase in ballistic missile defense and put it in a place where it will do a lot of good, namely, in targeted pay increases to our enlisted personnel, particularly our NCOs and our junior warrant officers."

"Domestic discretionary spending on education and health care and the environment has been growing at 2 to 3 percent a year. He says we have to rein it in, but he ignores the spending category that is the big spike in the budget."

"Three big assumptions proved wrong: one, that the Iraqi people would welcome us as liberators; two, that oil would soon pay for Iraqi's rebuilding; and, three, that we have plenty of troops, weapons, and equipment for the postwar situation."

"The young in this country, and you fellows are young by my reckoning, have a right to be concerned about the course that our government, the Federal Government, is taking under President Bush."
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