The Bush administration has ordsprog

The Bush administration has spent us into record deficits and piled mountains of debt onto our children, Budget experts agree that the line-item veto would do little to control deficits.

In the last four years, the Republican Party has turned record budget surpluses into the largest budget deficits in American history, deficits as far as the eye can see, ... Democrats believe that it's not only irresponsible -- but it is immoral as well -- to force our children and grandchildren to pay our bills by incurring this debt.

Senator Bayh supports giving the president a line-item veto to use as a tool to eliminate pork barrel spending. Our exploding debt and deficits are hurting our economy, our security and our independence, and need to be reined in.

We're ready to work with the Bush administration, ... But we're also ready to work against any budget that returns us to never-ending deficits and a mountain of debt.

At the Congressional hearings next week, there will be a lot of noise about the Bush administration's budget, the budget deficits and Social Security, as well as talk of interest rates.

When it comes to deficits, this president owns all the records. The three largest deficits in our nation's history have all occurred under this administration's watch.

Nevada Democrat

After creating record deficits and debt with his budget busting tax breaks, the president is asking our seniors, our students, and our families to clean up his fiscal mess with painful cuts in health care and student aid.

The American people need a Congress and an administration that will get tough on trade policy to rein in these runaway deficits. When you look at trade deficits in the context of growing foreign ownership of our national debt, you see that we're increasingly beholden to the very countries whose markets we'd like to open to American goods. Unless we reverse this dangerous trend, we'll soon find ourselves without negotiating leverage to promote our trade agenda.

Benjamin Cardin

These growing deficits and debt threaten our nation's long-term economic security. As deficits climb, we are borrowing more and more money from Japan, China, and even South Korea. That makes us weaker,

The line-item veto is just one element in earmark reform, and earmark reform is just one element in spending restraint. However, the line-item veto would add an important check to a budget process that is tainted by waste, abuse, and favoritism. Congressional leaders should move quickly on this proposal.

[The mathematical logic underpinning the plan is already stirring controversy. Hubbard and Friedman are making a huge and controversial macroeconomic bet that deficits don't matter, effectively reversing a decade of policymaking.] This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s, ... We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.

It is his runaway budget and trade deficits, billions spent on tax giveaways, backwards-looking energy plan designed by and for special interests, and inaction during this country's health care crisis that have created a myriad of problems for our children's generation. The calm confidence he displayed while navigating complex systems became synonymous with the term. It is his runaway budget and trade deficits, billions spent on tax giveaways, backwards-looking energy plan designed by and for special interests, and inaction during this country's health care crisis that have created a myriad of problems for our children's generation.

This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.

The United States has lost control of their budget at a time when racking up deficits has been authorized without any control (from Congress),

Now that we have the line-item veto there is no excuse for Congress to put pork in and no reason for the president not to line-item veto it out.

John McCain (1936-)

John McCain

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