All the presidents -- including George Bush -- since the beginning of our republic, will not have run up as much debt as this budget will run up in the first period of its term.
...
So, you essentially have set up a scenario here under this bdget, where we will pass on to our children in the very near future, at about the end of four years from now, a debt-to-GDP ratio which is unsustainable and a deficit ratio which is unsustainable. And that means our kids are going to have a hard time digging themselves out of this hole.
Think about that: a doubling of the national debt -- not the deficit, but the debt -- in five years. Remember the hue and cry over the need of an extra digit on the debt clock in Times Square? In five years, if this plan proceeds, we will need an entire additional clock.
Breathtaking.
