Michael McNulty

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, I demand a recorded vote.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, the American people have seen so many numbers recently. I know their eyes are glazing over. They do not know who to believe. This is going to be the simplest chart my colleagues are going to see in this debate today. I am going to use all the President's numbers. You will see no McNulty numbers no Rangel numbers, no Gephardt numbers; all the President's numbers. He says we are going to have a $5.6 trillion surplus in the next 10 years. We think it is like a weather forecast. But let us assume it happens. We get the $5.6 trillion. He pledged at the podium behind me very recently that we were going to reduce the national debt by $2 trillion. I like that. I support the President in that regard. That takes us down to $3.6 trillion. He also pledged to protect Social Security and Medicare. Every person I am looking at on this floor voted to do that with the lockbox legislation just a couple of weeks ago. That is $2.9 trillion. All his numbers. That takes us down to less than 1 trillion, 700 billion dollars. If one subtracts from that, not the 1.6, not the Rangel 2 trillion, not the Gephardt 2.2 trillion, just what we are doing today, just $900 billion. And subtract that from what is left, you have a deficit of $200 billion. All the President's numbers. Even if this projection comes true. Mr. Speaker, we should not go back to the days of deficit spending. We owe more to our children and grandchildren than to drown them in a sea of red ink. I urge my colleagues to reject this proposal, to support the Rangel substitute.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Chair's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. I thank the gentleman for yielding time. Mr. Speaker, I am concerned. In the year 1980, the national debt was less than $1 trillion. Today it is $5.7 trillion, six times as much. I do not want to go back to the days of deficit spending. Let us look at the figures we are talking about in the budget proposal this year. We are estimating we will have a $5.6 trillion surplus in the next 10 years. I do not trust 1-year projections, let alone 10-year projections, but let us assume that that is correct. Today we are going to vote to subtract from that the Social Security and Medicare trust fund moneys of $2.9 trillion. In other words, we are going to say to the American people, ``We are going to stop stealing the money'' which we did for many, many years. I think that bill will get almost unanimous support. So we are making a pledge there. That gets us down to $2.7 trillion. Then we start talking about this tax cut. I have only heard one person say that we will be able to stick to the $1.6 trillion. Almost everyone says it is going to cost a lot more than that. Just take the President's figure, and only subtracting $1.6 trillion, no interest, no implementation costs, nothing else, no retroactivity, and we get down to $1.1 trillion for the next 10 years to do everything. There are people running around this town saying we are going to eliminate the national debt in 10 years. We are not even going to eliminate one-fifth of the national debt in the next 10 years. If you took the entire balance, and these are the administration figures, if you took the entire balance and applied it to the national debt, you would only be able to pay off one-fifth of the national debt, and there would be nothing left for any spending, for the President's programs or ours. For the sake of our children and grandchildren, let us reduce the size of this tax cut and stay away from the days of deficit spending.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make a point of order that a quorum is not present.

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker's approval of the Journal.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker pro tempore's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker pro tempore's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, pursuant to clause 1, rule I, I demand a vote on agreeing to the Speaker pro tempore's approval of the Journal.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present. ---------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, I move that the House do now adjourn.

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.

Mr. McNULTY

Mr. McNULTY. Mr. Speaker, I object to the vote on the ground that a quorum is not present and make the point of order that a quorum is not present.