I would feel a lot better if in speaking to the Senate the gentleman would try to amend this to also call for a two-thirds vote to raise the debt limit for this country. You see, there is something equally as evil as tax and spend, in fact something even more evil, and it is called borrow and spend. Tax and spend, you at least ask this generation to pay for something. Borrow and spend, we ask the next generation to pay for something. Just 2 weeks ago this body by a fairly large margin voted to raise the debt limit by $600 billion. And for those of you who are not following this, we now spend 30 times more money on interest on the national debt than we do on foreign aid, more money on interest on the national debt than Medicaid and Medicare combined, more money on the interest on the national debt than we do on defending this Nation. I will vote for the bill of the gentleman from Florida but I sure as heck hope he would use this learning experience to turn right around and call for a constitutional amendment that calls for a two-thirds vote to raise the debt limit.
On the recordApril 15, 1996
Source
govinfo.govEditor's note · Context
Addressing concerns about raising the debt limit and advocating for a constitutional amendment.
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