On the recordMay 22, 2003
I think that what we on our side of the aisle want tonight is just a little honesty. And we believe that instead of saying you are giving the American people something, you need to be honest with them and let them know that whatever you are giving them, you are borrowing the money from them in the future that they have got to pay back. If you are going to be honest, you ought to come down here and sign this credit application, because you really need a pretty big loan to grant this tax cut. And I am not sure there are too many bankers in this country that would give this loan, because if you look at our credit history, we owe $6.4 trillion; we know we are going to owe, by your budget, $12 trillion in 10 years. That means, if you can imagine, we are going to pay $650 billion in interest 10 years from now just to service that debt that you are creating. And do you know what? That is more money than we are going to be spending on the entire Department of Defense.
Source
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