On the recordOctober 11, 1995
Mr. Chairman, we have got about a $5 trillion debt. We are going to spend $270 billion paying interest on the debt in 1996. Imagine how much we could spend on basic science research, on NASA, on other important seed corn programs, if we did not have to pay all this interest on the debt, and this minority, when it was the majority, was never able to make any of these tough decisions, and that is why they are the minority today, and, if we do not deal with this problem and make the tough decisions, as the chairman of the full committee, the gentleman from Pennsylvania [Mr. Walker], has done, then we are going to be bankrupt. Our children are going to inherit bankruptcy. Five trillion dollars of debt, $180,000 for every man, woman, and child; that is the problem we are dealing with. This bill preserves important programs. I support the bill.
Source
govinfo.gov
