since when did creating the largest deficit in American history become a conservative value? The same House leadership that has led us in just 2 years from the largest surplus in American history to the largest deficit in American history now proudly digs that hole deeper tonight. The dirty little secret of that bill is that every single dollar of this tax cut is paid by borrowing, borrowing from our children's future rather than investing in it, borrowing from the Social Security Trust Fund rather than strengthening it. This is a growth bill all right. It will grow our national debt by trillions. It will grow taxes for future generations who will have to pay interest costs on that new huge debt. It will grow the cost of doing business for our family businesses and farmers, for buying a home or a car when interest rates are pushed up by your historic deficits. If our values in Congress are reflected by our priorities, what does it say when the Republicans on the House Committee on the Budget voted just 2 months ago to cut veterans' benefits by $28 billion, Medicare by $262 billion, and Medicaid for poor children by $110 billion? Whoops, tonight they say we can afford a $350 billion tax cut. Is that what compassionate conservatism is all about?
Editor's note · Context
Criticizing the House leadership for creating a large deficit and prioritizing tax cuts over social programs.
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