[Congressional Record Volume 148, Number 66 (Tuesday, May 21, 2002)]
[House]
[Page H2667]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SECRET PLAN FOR INCREASE IN DEFICIT SPENDING
(Mr. EDWARDS asked and was given permission to address the House for
1 minute.)
Mr. EDWARDS. Mr. Speaker, rumor has it that the Republican leadership
has a secret plan to allow an increase in deficit spending by $750
billion without even requiring a vote on it in the House. To do so
would be wrong, and for several reasons.
First, we have a responsibility to our children and grandchildren to
try to balance our budget and not break their backs with the burden of
an ever-increasing national debt, which is already $6 trillion, the
interest on which cost taxpayers last year alone $360 billion in taxes
paid.
Second, deficit spending puts at risk Social Security and Medicare.
We have a responsibility to our seniors to protect these 2 vital
programs, but $750 billion in deficit spending would certainly
undermine them.
I can understand why the Republican leadership would want to allow an
enormous increase in deficit spending in secret and without a public
vote, but to do so would be wrong; wrong for our children, wrong for
our seniors, and wrong for Americans who believe in an open democracy.
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