George Papandreou Quotes
Previous governments, particularly the one before I took over, mismanaged the economy quite badly.
Papandreou, George. Interview by Fareed Zakaria. Fareed Zakaria GPS, CNN, 20 May 2012.
Both the House and the Senate, as they got larger, developed an Appropriations Committee. When the committee assessed a departmental appropriation, they had also the responsibility for all the other departmental budgets. However, many of the members of the Appropriations Committee tended to favor the interests of their particular constituency or the special interests to which they were beholden. Other members had little or no influence. So there was immense pressure during Reconstruction to ‘share’ the appropriations ‘plum’ by creating appropriations subcommittees. However, each particular subcommittee loses the perspective of and interest in the budget as a whole. The process has led to budget imbalance pressure ever since. But Randall, the Speaker of the House warned about exactly what would happen. He had earlier served as Chairman of the Appropriations Committee, and he was exactly right.
A group of conservative members of the House of Representatives were refusing to vote on raising the debt ceiling limit so the country would be able to pay for the expenses that Congress had previously authorized.
George Andreas Papandreou is a Greek politician who served as Prime Minister of Greece from 2009 to 2011. He is currently serving as an MP for Movement for Change.