But maybe if your 4-year-old knew exactly what the debt that he has is, he would not have been so happy at his birthday party. You raised the point that the next generation for the first time in American history is not going to be as well off as the previous generation. What does this do for my children? What does it do for my grandchildren? Of course, in this case, it saddles them with a debt, an obligation, for something that they are not gaining any benefit from; but you and I and others in this generation may be gaining benefit from. But who is paying for it, your 4-year-old. And that, of course, is not fair. So many times, so many times we hear Members come to the floor and say: here is my program. Here is my earmark. Fill in the blank for whatever it is. It is the compassionate thing to do, to spend this money on this program. Well, I guess it might be compassionate if they were reaching into their pocket and pulling out their own money to pay for that particular program.
Scott Garrett: “But maybe if your 4-year-old knew exactly what the debt that he has is, he would not have been so happy at his birthday…”
On the recordSeptember 24, 2007
Source
govinfo.govEditor's note · Context
Discussing the impact of national debt on future generations during a floor speech.
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