Political Quotes

“I think our friend from Montana has brought up an appropriate consideration relative to the realities that we live in, and that is this Nation has accrued approximately $4.5 trillion of debt. The significance of that is often overlooked because it is pretty hard to comprehend that kind of a number. But let me share with my colleagues a certain reality associated with that, and that is, about 14 percent of our current budget is interest on our accumulated debt. That does not mean much, but let us take it one step further and recognize that we are committed to fund interest on that debt. The question legitimately is, how are we funding that interest on the debt? We are borrowing that interest on the debt. Think of the significance of that. We are borrowing in excess of $213 billion to pay interest on our $4.5 trillion worth of debt. We are not addressing entitlement growth because we simply do not have the self-discipline to address it in a responsible manner, either through caps or freezing it at some level. So it continues to grow.”