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Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.

Peter DeFazio

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Peter DeFazio
Age: 77
Born: 1947
Born: May 27
Politician
U.S. Representative
Needham
Massachusetts
Peter Anthony DeFazio
Running
Money
Made
Things
Overseas
Borrowing
Deficit
Essentially

More quotes by Peter DeFazio

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I don't think there is anything this Congress could do more definitively to put people back to work, to stimulate our economy to increase our efficiency, our competitiveness, both nationally and internationally
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The crude oil market, unlike every other commodity in America, is virtually unregulated.
Peter DeFazio
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In recent years, breweries and brew pubs have flourished across the Nation. And, as the Representative from Oregon's fourth district, I have enjoyed seeing the diversity that craft brewery has fueled across the Nation.
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Even the majority of the Sunnis have grown tired of foreign terrorists operating in Iraq.
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It was Osama bin Laden and al-Qaeda who attacked the U.S. on September 11, 2001, not Saddam Hussein and Iraq.
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Similarly, establishing a firm timeline for bringing our troops home could accelerate the development of Iraqi security forces and deepen their commitment to defending their own country and their own government.
Peter DeFazio
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The training and equipping of Iraqi security forces should be accelerated.
Peter DeFazio
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In addition to a timeline, I have proposed that U.S. troops be removed from front line combat positions in Iraqi cities and towns, turning over daily security patrols, interactions with citizens, and any offensive security actions to the Iraqis themselves.
Peter DeFazio
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Second, the resolution contains the blatantly false assertion that negotiating a timeline for bringing U.S. troops home with the Iraqi government undermines U.S. national security. Such a statement shows a misunderstanding of the enemy we face in Iraq.
Peter DeFazio
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In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
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There is a lot of lip service paid in this Congress and downtown at the White House about family values and small business. Who better represents family values and small business than the fishermen and women on the Oregon and California coast.
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But they are not going to take on Big Oil because Big Oil is very generous at campaign time, and this is all about the elections. They want to pretend that they are doing something meaningful.
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To the contrary, I believe the U.S. military has already done all that has been asked of them. Saddam Hussein is on trial. The threat from alleged weapons of mass destruction programs in Iraq has been neutralized.
Peter DeFazio
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Of the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.
Peter DeFazio