On the recordMarch 14, 2001
The Blue Dogs agree that Americans are overtaxed, but we will always be overtaxed as long as we have a billion dollars a day in interest going out and as long as we have a 14 percent mortgage on this country. That is one of the reasons we are overtaxed. What we want to do as Blue Dogs is to try to keep our eye on the ball and to retire some of this horrendous national debt that we are leaving to those young people. That is how we give them a tax break. They do not have a voice here now. They cannot vote. It is up to us and this generation to protect not only our own country, but we also need to look out for the young ones coming along and not burden them with $5-plus trillion of debt with an interest bill of $1 billion a day. Now, the other point I would like to make is that the House leadership is asking this country to take a risk that we do not have to take right now.
Source
govinfo.gov
