Ron Kind: “it is approximately 1:20 a.m. in the morning here on the east coast; and pinch me if I am dreaming, but the Republican…”

“it is approximately 1:20 a.m. in the morning here on the east coast; and pinch me if I am dreaming, but the Republican majority is about to pass a budget resolution that calls for an increase in our national debt by $984 billion in this next fiscal year and close to $6 trillion over the next 10 years, and this is using their own numbers. That is using their own scorekeepers. This budget is disastrous for our economic future, but do not believe me. Believe a few reputable souls, namely, Bob Kerry, Sam Nunn, Pete Peterson, Bob Ruben, Warren Rudman and Paul Volker who wrote yesterday together, ``Congress cannot simply conclude that deficits don't matter. They raise interest rates higher than they would be otherwise. They raise interest payments on the national debt. They reduce the fiscal flexibility to deal with unexpected developments. If we forget these economic consequences we risk creating an insupportable tax burden for the next generation.'' Mr. Speaker, I am the father of two little boys. I did not come to this Congress to leave a tremendous legacy of debt for them and their generation. This is morally irresponsible. I encourage my colleagues to vote ``no.``”