Political Quotes

On the recordMay 23, 2002
Mr. Chairman, I would hope that the previous speaker and all other speakers would take the time to look at this. Our Nation is now $5,984,677,357.213.86 in debt. In the past 12 months, since the President talked about this town being awash in money, it is awash in money, we have to have tax cuts because we do not know what to do with all this money, in the past 12 months since the passing of the President's budget and the President's tax cuts, because the Republican majority controlled both Houses when that happened, we have increased the debt by $323,329,559.211.21. Now, what is particularly troubling about this, and I see my colleague, the gentleman from Mississippi (Mr. Wicker), and we both have daughters about the same age, they are both 23 years old, but on the day our daughters were born, our Nation was less than $1 trillion in debt. We had gone all the way from the Revolutionary War, the War of 1812, the Civil War, the Spanish-American War, our First World War, the Second World War, we had gone through Korea and Vietnam. We had gone all the way until 1980, and through all of that our Nation only borrowed $1 trillion. In the 22 or 23 years my daughter has been alive, we have borrowed an additional $5 trillion. The fact of the matter is that since the passage of the tax cuts, my colleagues have deprived the Nation of $60 billion in revenue.
Said by
Gene Taylor
Mississippi

Editor's note · Context

Discussing national debt and tax cuts during a committee meeting.

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