On the recordApril 10, 2003
Do we want to lay on our children a higher national debt carried by our country or do we want a responsible budget? This budget authorizes immediately $984 billion, nearly $1 trillion in higher borrowing authority. You have got to figure something is wrong with the plan if right out of the gate you have got to borrow $1 trillion to make it work; but that is just a start because over the next 10 years the borrowing doubles, nearly doubling the national debt, just before the baby boomers move into retirement drawing on Social Security, drawing on Medicare. There is not a family we represent who prepares for retirement by roaring up the debt on their credit cards, blowing everything they have got, just letting the kids provide. So what in the world are we doing tonight, representing all the Nation's families to put our Nation on exactly that course? Growing the dough, borrowing the money, letting our kids straighten this out? This is wrong. We must reject this totally fiscally irresponsible approach to our national budget.
Source
govinfo.gov




