On the recordMay 9, 2003
It's been said that the French drink champagne only when they're happy or when they're sad. Otherwise, they never touch it . . . unless they're thirsty. This is kind of like the Republicans' approach to tax cuts. Republicans propose tax cuts when the budget is in surplus. They propose tax cuts when the budget is in deficit. Otherwise, they never propose tax cuts . . . unless they're thirsty for more giveaways for the rich. President Bush took office with a projected $5.6 trillion budget surplus and the Republicans immediately called for a huge tax cut. Now the Republicans have turned that surplus into what will be a $4.0 trillion budget deficit by 2011, and they are still calling for a huge tax cut. Republicans have violated the First Law of Holes, which is ``When you're in one, stop digging.'' Although the war in Iraq has ended, but President Bush has dropped his own version of the MOAB--the Mother Of All Budgets--on the American economy. Unlike the Army's MOAB, the Bush MOAB devastates the Medicare program and the Social Security trust fund. The Bush MOAB pounds the Social Security and Medicare trust funds for the Greatest Generation who built this country. The Bush MOAB shells funding for health care for America's veterans. And the Bush MOAB obliterates education funding for our children and jobs for Americans out of work.
Source
govinfo.gov




