Austin Scott: “And when you mention those tax cuts, the other terrible stab at the American people is that to make these tax cuts…”

“And when you mention those tax cuts, the other terrible stab at the American people is that to make these tax cuts permanent means to borrow more money from these countries on top of what we are borrowing. And to offset those tax cuts in the Federal budget, the President and the Republican administration is advocating cutting the very programs that the people of America need and are hurting for. You mention Katrina in your district. I am from Georgia. We are the third largest recipient of evacuees from this terrible, terrible, terrible tragedy. But the fact of the matter is that we are not responding to the needs of the American people when we look at this budget and the cuts: $19 billion cuts to student loan programs; over $200 million just from the first phase to child care programs, for the seniors. On top of that, the cuts that hurt the most to me at a time of war is the cut to our veterans to offset for the tax cuts. The point that I think we want to bring home to the American people tonight is that we have a terrible situation that is ratcheting at the foundations of our country and that is a lack of financial security and a lack of financial responsibility. The architect of our financial system was none other than Alexander Hamilton, and Alexander Hamilton it was who laid out the credit system, laid out the debtor system. He said, woe it will be to us in the future if we become dependent on foreign sources to finance our government. He was adamant about that.…”