On the recordFebruary 25, 1997
The reason we are here is because of what that pile of unbalanced budgets reflects--that this country has gone a full generation without once balancing the budget. It has not balanced it using Social Security or excluding it. It has not been balanced at all. Therefore, we have been piling up more and more debt and responsibility, not just on ourselves but, more importantly, on our children. Last week, I was looking at what we call the national debt clock. Some people have questioned the rate at which the clock grows. They ask, ``Whose calculation are you using?'' It doesn't matter. Even the slowest calculation of that debt clock suggests that the deficit is going up to the tune of about $6,374 per second. That is an awful lot of spending beyond our means. What it has done is--and I think most Americans understand, even if not most of us in Washington--it has placed enormous burdens on families of this country, enormous burdens on enterprise in this country, and, most importantly, enormous burdens on the children and future children of America.
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