That is exactly why it is so important that folks understand that even after we get to a balanced budget we still have a $5.3 trillion debt that an average family of five sends $580 a month just to pay the interest on the debt. That is what we are doing today. And even after we have a balanced budget, that debt goes on. And that is why it is important that we have introduced legislation to deal with that.
Discussing the implications of national debt and the need for legislation after achieving a balanced budget.
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It passed without a single, solitary Republican vote. I am sure the gentleman from Michigan remembers what I am talking about here. It is the biggest tax increase in American history.
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