Byron Dorgan: “Further asking a question, that gross debt, the debt that is owed to the trust funds, the debt that is a debt that…”

“Further asking a question, that gross debt, the debt that is owed to the trust funds, the debt that is a debt that represents a liability by Government agencies, is that real debt or is that just a number someplace? We hear people saying: We can have very large tax cuts; that is not a problem; and we are also paying down the debt. I look at this and I see gross debt is increasing by $1.1 trillion. I just heard a statement a few minutes ago by a Senator who said: Here is what we are going to give the taxpayers, referring to tax cuts. Are we also in this budget going to give the taxpayers $1.1 trillion in an increase in gross indebtedness in this country during the 10 years?”