On the recordMay 23, 2002
The fact is that during the time his daughter and my daughter were in college, during the last 4 years, during a Republican majority in the House of Representatives, this Nation has paid off almost $500 billion in public debt during that time. That is debt that the Nation was borrowing from the public through savings bonds, T bills and that sort of thing. We have reduced that amount during the time that our daughters were in college. I would find my friend's argument a little more credible if that $6 trillion in public debt that he was pointing to on that chart were not the very same $6 trillion in national debt that his party ran up during the time from 1980 to the time of the Republican takeover of the House of Representatives in 1994 and 1995. I would think that my colleagues from the Democrat side of the aisle would have a little more credibility as fiscal conservatives if that were not the figure that they themselves ran up while they were in charge of this entire town.
Source
govinfo.gov




