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

May 13, 2003

America is the shining city on the hill. Welcome all who enter to follow their dreams.

Dec 31, 1988

If we ever closed the door to new Americans, our leadership in the world would soon be lost.

May 5, 2004

But there's nothing I can say that would make the situation right.

Dec 21, 1988

It was a message of peace.

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