A Quote by John McCain
I cannot in good conscience vote in favor of tax cuts, irrespective of their size, or to which segment of the population they are targeted. Nor can I support any spending increases that are not related to improving our nation's defense from the obvious and serious threats facing us today.
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While I wholeheartedly support finding cost savings through efficiencies in all areas of the federal government, including defense, I will resist any actions that would compromise our nation’s qualitative edge when it comes to national defense. It is well known that weakness invites aggression. Threats do not always announce themselves in advance. In order to prepare for unpredictable threats, we must modernize our defense systems. We certainly cannot let them age and deteriorate.
In Congress, while the House's proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can't equate spending on veterans with spending on defense.
In Congress, while the House’s proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can’t equate spending on veterans with spending on defense.
We can't equate spending on veterans with spending on defense. Our strength is not just in the size of our defense budget, but in the size of our hearts, in the size of our gratitude for their sacrifice. And that's not just measured in words or gestures.
At Concerned Veterans for America, we've made the case that the defense budget could be targeted for spending reform, but in a targeted fashion that genuinely changes unsustainable spending trajectories while preserving U.S. defense capacity.
Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.
We do need our defense capabilities. It is a fact that the cuts we are facing today and the cuts that Senator [Ted] Cruz would have supported would leave us with an even smaller Air Force and a smaller Navy than the one we are going to be left with.
Whenever people in Washington complain about spending cuts, they mean spending cuts that would affect defense contractors. They want to massively increase spending cuts everywhere else in the budget.
If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment.
Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.
The polls are with us on this. They say the American people, more than anything, want to see spending cuts rather than tax increases.
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
The fact is that a lot of the spending increases came during the Bush administration. Two unpaid for wars we got ourselves engaged in. A prescription drug plan that added enormous amounts to our spending, and the tax cuts at the high end that did not create jobs and create revenue coming.
Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
What Mae West said about sex is true about taxes. All tax cuts are good tax cuts; even bad tax cuts are good tax cuts.
I cannot choose but adhere to the word of God, which has possession of my conscience; nor can I possibly, nor will I even make any recantation, since it is neither safe nor honest to act contrary to conscience! Here I stand; I cannot do otherwise, so help me God! Amen.
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