alex.isenstadt

In the long run, fiscal responsibility can and must be a watchword of our majority. For eight years, the administration lived by the proposition summed up by vice president Cheney, who said, 'Reagan proved deficits don't matter.' Businesses, consumers pursued that siren song to the brink of financial destruction - and some, of course, have gone over that brink. We are now experiencing the stark, painful reality that debt does indeed matter."

- House Majority Leader Steny Hoyer.