On the recordApril 7, 2003
I have been here for 24 years, and for most of those 24 years I have been labeled here and at home as a tax-and-spend Democrat. I have looked forward to the day, really I did not look, I looked forward to shirking that title, and we have done that. We have done that. But now we have borrow-and-spend Republicans, and my grandchildren do not differentiate between either one. What we have attempted to do now, over the last several years is, and we were successful up until last year when once again we began to experiment with the idea that there is no such thing as a bad tax cut as far as the economy and jobs are concerned. We experimented in 1981 and we borrowed $4 trillion, and it took us until 1997 to get us to a balanced budget. I was proud to stand on the floor in 1995 when we passed the balanced budget constitutional amendment which would have required this body to balance its budget every year except when we are at war.
Source
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