Political Quotes

On the recordJuly 30, 1999
I rise today to oppose S. 1429. Passing this bill is like going on a spending spree just because a sweepstakes company tells you ``you might be a winner.'' I support tax cuts. The question for me is, when? I am a fiscal conservative and am happy to vote for tax cuts. Any tax cut, however, needs to be done in a fiscally-responsible manner. This is common sense. But we need to look at the big picture, and we can't engage in wishful thinking. So when we talk about cutting taxes we must do it in the same breath as paying down the national debt and dealing with Social Security and Medicare. We should cut government spending. Working Americans pay taxes to the federal government, and that money buys a lot of great things. But we have a responsibility and obligation to only spend what is absolutely necessary, and I am afraid that we haven't done a very good job of that. The federal government is too big and spends too much, and we need to do something about it. We should pay down the public debt. If we reduce our public debt, we reduce the money the federal government owes to foreign investors and other bondholders. If we reduce our public debt--a debt that has accumulated because of out-of-control government spending in years past--it will lower interest rates, increase investment in America's economy, and help ensure our economy's continued growth and success. That has real benefits for average Americans: lower mortgage interest rates and a booming economy.
Said by
John Bel Edwards
Democratic · Louisiana

Editor's note · Context

Opposing S. 1429 and discussing fiscal responsibility and the need for tax cuts.

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