2 years ago today, my son's 13th birthday, the gentleman from California (Mr. Thomas) told us that his tax breaks then would create jobs. It did, 229 of them, but the rest of America lost 2 million jobs. He said it would stimulate growth. It did, $817 billion of new debt that my kids and other kids and those kids coming home from Afghanistan, those kids coming home from Iraq are going to have to pay. I think it is incredibly important that 2 years to the day that my colleagues have increased the debt by $817 billion, they are saying let us do it again, and when I go home and see my son tonight, I have got to look him in the eye and say, I failed you, I failed you because I let folks think for the present at the expense of the future. I let folks like the gentleman from California (Mr. Thomas) and others who promised to be for a balanced budget, who promised to be fiscally responsible, I failed because I did not get them to keep their promise. I am going to keep my promise and be fiscally responsible. I beg my colleagues to do the same.
Editor's note · Context
Discussing the impact of tax breaks and national debt on future generations.
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