[Congressional Record Volume 148, Number 103 (Thursday, July 25, 2002)]
[House]
[Pages H5461-H5462]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        THE RISING FEDERAL DEBT

  (Mr. TAYLOR of Mississippi asked and was given permission to address 
the House for 1 minute.)
  Mr. TAYLOR of Mississippi. Mr. Speaker, I am sorry that you left the 
floor, because I would like to remind you that on your watch, our 
Nation has now squandered a trillion dollars on interest on the 
national debt. That is a thousand times a thousand times a thousand 
times a thousand. Did not educate a kid, did not build a road, did

[[Page H5462]]

not help a veteran, did not help defend our Nation. Just squandered on 
interest on our now $6 trillion debt.
  On your watch, we have added $511 billion of new debt. You have been 
Speaker for 1300 days, yet you will not let us have a vote on one of 
the most simple laws of all and that will say that my generation will 
not burden my children's generation and my grandchildren's generation 
with our debts, that we will spend no more money in this body than we 
collect in taxes that year, a constitutional amendment that almost 
every State already has, so that they do not stick their kids and their 
grandkids with their bills.
  Mr. Speaker, you have been Speaker for 1300 days and yet you cannot 
find time for that law to be voted on. I would ask on behalf of my 
children and my yet unborn grandchildren that you give this body an 
opportunity to vote on that.

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