On the recordApril 12, 2018
Mr. Speaker, I thank the gentleman from Tennessee for yielding. The previous speaker said that we really shouldn't have to do this, and the answer is that we don't have to do this. Bill Clinton proved on four occasions that you can balance the budget. It has only been done five times since the end of World War II. So what we really should be calling this legislation that is in front of us today is the ``Jesse James Seeks Clemency Act.'' We are here because of their tax cuts: Invade Iraq, let's have a tax cut. Invade Afghanistan, let's have a tax cut. The tax cut is the answer to everything. The last round, let's borrow $2.3 trillion over 10 years before the Federal Reserve Board, by the way, has a chance to raise interest rates three times this year, as they predicted, for the purpose of providing a tax cut. Oh, by the way, how about that old song, ``Don't Worry Because Tax Cuts Pay for Themselves''? This is what we have heard here, and this is what has put us in this predicament that we are in: $20 trillion worth of debt. Now, here is the caveat that they always attach to these arguments, by the way: If there is a Democratic President, you need to balance the budget. If there is a Republican President, you don't need to balance the budget. Their spending priorities are keen. It is borrowed money to provide tax cuts for people at the very top, further concentrating wealth. Let me give you some numbers here that I have paid a lot of attention to over the years.…





