American - Politician | May 29, 1957 -
You cannot borrow and spend your way into prosperity. It does not work.
Jeb Hensarling
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You've got Washington picking winners and losers. And so, all of a sudden, decisions are being made on what helps politicians, not what helps the economy. Some will call it socialism. Some will call it a command and control economy. Whatever it is, it's antithetical to the American experience.
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The easiest thing that is done, unfortunately, in Washington is to spend money today and send the bill to our children and grandchildren.
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The destruction caused by Hurricane Harvey is unlike anything my home state has ever experienced. As long as I live, I'll never forget those images of elderly women waiting in waist-deep water to be rescued.
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The bottom line is the best consumer protections are competitive, innovative markets that are transparent. Now, they need to be vigorously policed for force and fraud, but the agencies that do that need to be accountable.
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The deficit is the symptom, but spending is the disease.
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If you were approaching the TARP investments from a pure investment standpoint, then there's no doubt in my mind the taxpayer lost, and probably lost big.
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Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.
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Listen, if the people in my district wanted to live in France, they'd move to France.
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I'm not pro-business. I'm pro-free enterprise.
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In every jurisdictional area that I can get my fingers on, I want to move us away from the Washington insider economy.
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You talk to any of the job creators, and they'll tell you one of the things that concerns them the most is the debt. And so high levels of indebtedness are going to lead to high levels of taxation, which lead to high level of unemployment.
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