On the recordApril 5, 1995
as my colleagues know, this debate, as much as any debate on this House floor, epitomizes the difference in the philosophy of the Democratic Party and the Republican Party, and, when I say Democratic Party, I do not include all Democrats because we know that many Democrats are very much concerned about the deficit. But for 30 years, since the Great Society, the Democratic Party has had no concern about Federal deficits in America, and during that time many programs, good programs, have provided benefits for people in our great country. But as may colleagues know, as times approaches to old problems, and today we have a $4.7 trillion debt in America, $200-and-some billion dollars a year just to pay the interest, and I say to my colleagues, ``When you take the entitlements, and you take the interest on the debt, it's by the year 1997 those two items alone will exceed the total tax revenues of this country.''
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