On the recordFebruary 11, 2020
All of that money that goes into net interest on the debt... serves to crowd out other funding that might otherwise be available.
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congress.govAll of that money that goes into net interest on the debt... serves to crowd out other funding that might otherwise be available.
Womack discusses how debt interest payments limit funding for other programs.
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It is embarrassing that we, the adults in the room here on the Appropriations Committee, cannot get out of our own way.
I am happy to work with anyone to go after this, because these programs need to be there for hardworking Americans who need the stopgap between jobs and should not be taken advantage by fraudsters, and, frankly, big criminal organizations…