would it not be great if the Pollyannas and the supply-side ideologues were correct that the road ahead for America is paved with candy? I like candy as much as the next guy. I like tax cuts. They want to give a $500 tax credit per child? Why not $5,000 per child? Because somebody has got to pay for it, and we went down the candy road with them once before. It was sweet for the politicians that promised all the tax breaks. It was very sweet for the privileged few in this country. But it turned out to be a toll road. And guess who had to pay the toll? Our children, to the tune of trillions of dollars of national debt because of this supply-side nonsense. Now we have got a Federal deficit as far as the eye can see in the $200-billion-a-year range. The only way we are ever going to deal with it is by making tough choices, and tax cuts are not tough choices. They are the oldest gimmick in the book. In fact, as Ross Perot has said, they are a way for politicians to buy your votes, using your own money. In this case it is our children's money, and it is wrong.
Editor's note · Context
Addressing the implications of tax cuts and national debt during a floor speech.
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