Gene Taylor said "I will ask every American who listens to the debate tomorrow, listen for this number, $5,735,859,380,573.98. You will not hear one proponent of the tax cut admit to the American people that that is how far in debt we are, and almost all of that debt has occurred since 1980. I will give you another number you will not hear. You will not hear about the $1,070,000,000,000 that this Nation owes to the people who pay into the Social Security trust fund. You will not hear about the $229,200,000,000 that this Nation owes to the Medicare Trust Fund. You will not hear about the $163.5 billion that we owe to the military retirees, and you will not hear about the $501.7 billion that we owe to the public employees retirement system. Cutting revenues has never stopped spending. It only increased the amount of money that was borrowed." @ PoliticalQuotes.com

On the recordMarch 7, 2001

I will ask every American who listens to the debate tomorrow, listen for this number, $5,735,859,380,573.98. You will not hear one proponent of the tax cut admit to the American people that that is how far in debt we are, and almost all of that debt has occurred since 1980. I will give you another number you will not hear. You will not hear about the $1,070,000,000,000 that this Nation owes to the people who pay into the Social Security trust fund. You will not hear about the $229,200,000,000 that this Nation owes to the Medicare Trust Fund. You will not hear about the $163.5 billion that we owe to the military retirees, and you will not hear about the $501.7 billion that we owe to the public employees retirement system. Cutting revenues has never stopped spending. It only increased the amount of money that was borrowed.

Said by

Gene Taylor

Mississippi

Source

govinfo.gov

Editor's note · Context

Addressing national debt and tax cuts during a House floor debate.

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