Quote

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.

Eliot Spitzer

Change background

T
T
T

Change font

TAGS & TOPICS

Eliot Spitzer
Age: 65
Born: 1959
Born: June 10
Former Governor Of New York
Lawyer
Politician
New York City
New York
The Sheriff of Wall Street
Able
Spending
Additional
Congress
Approved
Authorize
Argument
Irresponsible
Gop
Raised
Raising
Logically
Republican
Score
Ceiling
Already
Points
Fallacy
Future
Despite
Ceilings
Political
Debt
Encourages

More quotes by Eliot Spitzer

Image
Our criminal justice system is fallible. We know it, even though we don't like to admit it. It is fallible despite the best efforts of most within it to do justice. And this fallibility is, at the end of the day, the most compelling, persuasive, and winning argument against a death penalty.
Eliot Spitzer
Image
I don't like politicians who vacillate.
Eliot Spitzer
Image
Virtually everywhere in the world, people still wake up and want their country to be more like the United States than any other nation. We are the envy of the world because of what we stand for and how our democratic process, flawed as it may often seem to be, operates. We should take pride in that.
Eliot Spitzer
Image
Mitt Romney's primary season embrace of the social and economic agenda of the more rabid elements of his party doomed him, especially the shrill immigration rhetoric and the harshly insensitive theory that no additional sacrifice or contribution should be sought from those at the top.
Eliot Spitzer
Image
To every New Yorker - and to all those who believed in what I tried to stand for - I sincerely apologize.
Eliot Spitzer
Image
I don't have any particular expertise-I've never been a banker or an investment banker. But I did see an evolution in the system that I thought was problematic.
Eliot Spitzer
Image
It's not Big Brother that we now have to be afraid of, but Big Browser.
Eliot Spitzer
Image
Tax rates for the wealthy should revert to Clinton-era levels, both because it is necessary for long-term deficit reduction and because fairness dictates it. Moreover, there is no proof that higher marginal rates dissuade investment, all the rhetoric from the Right notwithstanding.
Eliot Spitzer
Image
Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.
Eliot Spitzer
Image
After 25-plus years as a lawyer, prosecutor, and defense attorney, I have developed a deep appreciation for both the wisdom of the law and the role that jurists play in framing the rights and responsibilities that define our society.
Eliot Spitzer
Image
Public speaking? I speak to myself on the street!
Eliot Spitzer
Image
My career was obviously cut shorter than I wanted it to be.
Eliot Spitzer
Image
Once again, the puppets on Capitol Hill are about to slam the Muppets on Main Street. The country still hasn't recovered from the Wall Street-induced financial cataclysm of 2008, yet Congress is preparing to enact the Orwellian 'JOBS Act' - a bill that should in fact be called the 'Return Fraud to Wall Street in One Easy Step Act.'
Eliot Spitzer
Image
We are all used to paying a sales tax when we buy things - almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way.
Eliot Spitzer
Image
Sometimes in politics, you think you've seen it all. Turns out I was wrong.
Eliot Spitzer
Image
The irony is that it was tougher to rent a car from Cerberus when it owned Alamo than to buy a semi-automatic. To rent a car, one had to provide ID, a drivers' license, and get insurance coverage. To buy a gun? Cash and carry, from the back of a station wagon at a gun show. No concerns about downstream liability or risk.
Eliot Spitzer
Image
Delay is the enemy of progress.
Eliot Spitzer
Image
Yes, people pull the trigger - but guns are the instrument of death. Gun control is necessary, and delay means more death and horror.
Eliot Spitzer
Image
In 2007, when I was governor of New York, I proposed that our state once again permit undocumented immigrants to obtain a driver's license. To say the proposal lit a firestorm in the political arena is an understatement.
Eliot Spitzer
Image
I have disappointed and failed to live up to the standard I expected of myself.
Eliot Spitzer