A Quote by Brad Feld
While I'd like to be able to simply do all of my financings with a handshake or, possibly, on a napkin written in crayon, I also wish I had a herd of unicorns surrounded by rainbows, a balanced U.S. government budget, and agreement on how to address the debt ceiling issue.
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I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.
Obama has been perhaps the most partisan President since Truman. He hasn't learned to be civil - note his insulting speech to Paul Ryan, who did us the courtesy of scoring a budget. The president has to talk to Republicans when it comes to the debt ceiling. He has reached the debt ceiling before anyone expected.
We still have a major problem in debt with America that we have to find efficiencies in government to get us back to a balanced budget.
The death of compromise has become a threat to our nation as we confront crucial issues such as the debt ceiling and that most basic of legislative responsibilities: a federal budget. At stake is the very meaning of what had once seemed unshakable: 'the full faith and credit' of the U.S. government.
I received rejection letters for ten years (one on a napkin, written in crayon.) I had all my rejection notices stored in a box. When the box was finally full I took it to the curb and set it on fire. The next day I went out and got a temp job.
The Republican argument that raising the debt ceiling encourages additional future spending is logically irresponsible. The debt ceiling has to be raised to authorize spending already approved by Congress. Despite that fallacy, the GOP has been able to score political points with its argument.
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.
Debt ceiling is something that, you know, any time the president asks for the authority to increase the debt ceiling, the debt burden on our children and grandchildren, I think that requires a pretty serious discussion, robust debate.
When I was writing the memoir, every page was a battle with myself because I knew I had to tell the truth. That's what the memoir form demands. I also had to figure out how much of the truth do I tell, how do I make the truth as balanced as I possibly can? How do I make these people as complicated and as human and as unique and as multifaceted as I possibly can? For me, that was the way I attempted to counteract some of that criticism.
Oh my God, there are so many songs I wish I had written. 'Waters of March,' I wish I had written 'My Baby Just Cares for Me,' I wish I had written 'This Will Be Our Year,' I mean, there's millions of them. 'Wouldn't It Be Nice?'
But I will say, I think there are some Democrats that don't want to address pension reform. I have taken on the issue of seniority and tenure. I think we have to address entitlements and the president has done that in his budget. I think we have to extend Medicare and the president has done that. But also reinvest in that program.
I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.
I like to live in a world of unicorns and rainbows where I don't pay attention to anything unless it's positive.
I suspect that had my dad not been president, he'd be asking the same questions: How'd your meeting go with so-and-so? . How did you feel when you stood up in front of the people for the State of the Union Address-state of the budget address, whatever you call it.
When I left Washington, we actually had a balanced budget and we paid down the most amount of the national debt in modern history and cut taxes and created jobs. And I was the chief architect of that plan in '97.
Bless his heart, I have respect for Mitt Romney, but I do not have respect for what he has done through this debt increase debate. He did this. He waited until it was a done deal that we would increase the debt ceiling, and more money would be spent, more money borrowed and then spent on bigger government. And then he came out and he made a statement, that he didn't like the deal after all. You know, you can't defer an issue and assume that the problem is going to be then avoided.
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