You have already announced a proposal to eliminate the alternative
minimum tax for individuals, which will cost the government $1.2
trillion in lost income over the next decade. Do you find it difficult
to cut taxes post-Katrina, when the government is desperate for
The Congress and the president can address that issue. Of course, the
president already has addressed that issue. He said there won't be any
increases in taxes.
[discussion of estate tax omitted]
Well, the U.S. government has to get money from somewhere. As a
two-term former Republican senator from Florida, where do you suggest we
get money from?
The money to run this country.
We'll borrow it.
I never understand where all this money comes from.
When the president says we need another $200 billion for Katrina
repairs, does he just go and borrow it from the Saudis?
In a sense, we do. Maybe the Chinese.
Is that fair to our children? If we keep borrowing at this level,
won't the Arabs or the Chinese eventually own this country?
I am not worried about that. We are a huge country producing enormous
assets day in and day out. We have great strength, and we have always
adjusted to difficulties that faced us, and we will continue to do so.
This kind of thing just takes my breath away. I used to vote for
Republicans in the days when they stood for fiscal responsibility, but
now that the choice has come down to one between "tax and spend
liberals" and "borrow and spend conservatives," it's a whole different