Don Nickles: “I don't think it is good policy for us to go out and borrow $14 billion to have to pay over $1 billion a year in…”

“I don't think it is good policy for us to go out and borrow $14 billion to have to pay over $1 billion a year in interest basically to hand out money and call it a tax cut when they didn't pay taxes. I find that objectionable. Maybe I am unique in that way. Maybe the majority will pass it. That may well be. It did pass the House of Representatives. I don't think it is good policy. I think it does spend $14 billion. It does add that much to the deficit, to the amount of national debt. We don't have a surplus anymore. Some people say it made sense last year when we were distributing the surplus. But to me, it doesn't make sense today. I don't think that should be in the package.”