Gene Taylor: “I know there is a lot of mistrust about government. I would ask people who question these numbers to access their…”

“I know there is a lot of mistrust about government. I would ask people who question these numbers to access their computers www.publicdebt.treas.gov and look for yourself. One of the big lies is that the public debt is going down. The fact of the matter is in the 1 year between September 30 of 1999 and September 30 of 2000, the public debt increased from $5,656,271,000,000 to $5,674,178,000,000. I realize that is pretty mind-boggling for almost everyone, but that is what it looks like on a chart. It continues to go up. And again as long as we owe money, we have to pay interest on that debt just like every other business and every other individual and that interest payment is $1 billion a day. If you want to access these numbers, it is www.publicdebt.treas.gov/opd.opdpenny.htm. Folks, that is what your debt looks like today. So before any of my colleagues talk about huge spending increases or any presidential candidate, or any of my colleagues start talking about huge tax cuts, this is what we owe. If you were to look at this in 1980, it would have read about $1 trillion instead of 5. That means that $4.674 trillion of that debt has been added in this generation's lifetime. I as a father am not going to stick my kids with my bills.”