Lateefah Simon: “I simply want to acknowledge that the person who educated me on gross interest over against net interest was the Senator…”

“I simply want to acknowledge that the person who educated me on gross interest over against net interest was the Senator from South Carolina. Administrations like to put net interest into their budgets. We do not do that with any other function of Government. We do not say the Justice Department took in so many dollars in fines and everything, therefore, their budget is that much less. It is the gross expenditure of the Justice Department. But because administrations like to fuzz things up a little bit, they were using net interest. The real figure is gross interest. I want to acknowledge Senator Fritz Hollings for having educated me on this. And I hope he is educating a lot of other people, too.”