Senator Paul Tsongas -- 'AND ALL OF THIS DEBT WE GIVE TO YOU, OUR BELOVED CHILDREN'
Date: June 27, 1989
Senator and presidential candidate Paul Tsongas railed against the debt at an MIT commencement speech: "But most of all, numbers -- numbers written in red. Debt. Real debt. Crushing debt. In the 1980s we have gone from being the world's largest creditor nation to the worst debtor nation the world has ever known. And all of this debt we give to you, our beloved children. America is on the verge of economic decline. We are now in an undeclared and unfelt and unrecognized battle for our future standard of living.
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