On the recordOctober 15, 2003
reclaiming my time, we will be paying the interest on that for 20 years and then our children, our young children today will have to pay those debts off in the future. Again, this comes back to a basic argument we will have on the floor tomorrow, and this is one of the center core debates we will have tomorrow, about fiscal responsibility and what is going on. I support the President's war efforts. I have been a point person on them. No one can doubt that in this body. I support the Iraqi war efforts, supported what we did in Afghanistan. I am proud of our President. But we must stand up for fiscal responsibility, especially when it comes to this part of the package I think it is one-eighth of the package or something, one-sixth of the package, which deals specifically with Iraqi reconstruction. Should it be a loan? Should we expect that when Iraq gets back on its feet, starts producing its oil, which it may be the word's biggest oil producer in years to come, should we expect them to pay it back as we continue to prosper or should our children pay for that money because we had to borrow, make a greater debt to get the money there in the first place? Well, let me tell you what happened in the past when we followed the same course. We pressured the democratic governments that replaced the communist dictatorships in Russia and Eastern Europe to pay their debts of oppressors of the preceding communist regimes. What did that do when we forced them to pay for that?…
Source
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