Bill Clinton: “in the wake of yet another contentious debate over the size and scope of the Republican tax cuts, I believe that it is…”

“in the wake of yet another contentious debate over the size and scope of the Republican tax cuts, I believe that it is high time that this Chamber engages in a serious discussion about the fiscal condition of our Nation and that Senators make an objective assessment of what the economic policies of the last 5 years have wrought on our Nation's long-term economic security. It is critically important that we realize that every tax cut we debate or enact today, will have a cost for workers and future generations down the road. Despite the best wishes of some Senators, there is no such thing as a tax cut that pays for itself and the fiscal profligacy of the last few years will have a dramatic effect on the economic opportunities for the next generation of Americans. Indeed, what has made this Nation great is only the result of the commitment of each generation of Americans to leave a country for their children and grandchildren that was a little better than they found it. We need to ask whether our economic choices today will enable us to fulfill that commitment. A recent article in U.S. News and World Report magazine has clearly laid out what is at stake with the fiscal decisions that we have made and will continue to make in the months and years to come. Therefore, I ask unanimous consent that this article be printed in the Record. There being no objection, the material was ordered to be printed in the Record, as follows: [From U.S.…”