I said what I am required to do, if we pass this, is to sacrifice a little bit myself so they can have a better future. The GAO says if we continue down the present path we are going to have a gradual declining standard of living. But if we, by the end of the century or 2001 in their original study, now it will be postponed to 2002, have a balanced budget by the year 2020, the average American will have, in inflation adjusted terms, an increase in the standard of living of 36 percent. That is a huge increase for those three grandchildren.
Lateefah Simon: “I said what I am required to do, if we pass this, is to sacrifice a little bit myself so they can have a better future.…”
Editor's note · Context
Discussing the implications of a balanced budget on future generations.
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