On the recordApril 11, 2003
I add my strong opposition to this conference report on the budget resolution before us today from a whole host of perspectives. This budget resolution, in my view, is fiscally irresponsible to the extreme. Maybe more important than the accounting issue is it risks enormous harm to our economy in the short term and in the long term. It poses a clear danger to the future of Social Security and Medicare, and it threatens our ability to provide for critical priorities, such as homeland defense and education for our children. This budget calls for a tax cut of $1.3 trillion over the next 10 years. When we add in the extra interest costs...the real cut is $1.6 trillion. It raises the obvious question: Where is the money coming from?
Source
govinfo.gov
