Ronald Reagan: “The government owes a thousand billion dollars and must pay interest…”

On the recordSeptember 17, 1981

The government owes a thousand billion dollars and must pay interest every day on that gargantuan amount.

Said by

Republican · California

Source

Remarks in Denver, Colorado, at the Biennial Convention of the National Federation of Republican Women

More from Ronald Reagan

Dec 7, 1988

That is, again, one of those things I should have said to your question.

Dec 7, 1988

Well, you'd have to take up with the U.N.

Dec 6, 1988

We must remain strong and free of illusion.

Dec 6, 1988

Well, that wasn't a proposal. That was a decision that has been made.

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Ronald Reagan: “The government owes a thousand billion dollars and must pay interest every day on that gargantuan amount.”