I used to talk about the debt of the Nation and the deficit in terms of what we were doing to our children and grandchildren. I called it a generational mugging on this floor last year. That is still the case. We are still mugging our children and grandchildren with debt that we are unwilling to pay and we are unwilling to stop spending for our own convenience and our own purposes, so that is still true. But I used to say also that I wanted everybody under the age of 30 to listen to me because they were going to be directly affected by this reckless economic plan that we are engaged in here. Then I moved that up to age 40. Then I had to move it to age 50. Now with the knowledge that this government borrowed $111 billion in the first quarter of this year alone, I want to speak to every American who is alive and well and paying taxes because what is happening is we are engaged in a long-term structural tax increase on me and you and everybody that lives in this country because we are unwilling to rein in our appetite for tax cuts and more spending.
Editor's note · Context
Addressing the national debt and its impact on future generations.
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