Political Quotes

Tom McClintock: In other words, when the Federal Government borrows a dollar, it borrows it from that same capital market that would…

On the recordFebruary 1, 2017
In other words, when the Federal Government borrows a dollar, it borrows it from that same capital market that would otherwise be available to loan to consumers to make consumer purchasers, to businesses to expand jobs.
Said by
Tom McClintock
Republican · California

Editor's note · Context

McClintock explains how federal borrowing impacts private sector borrowing and economic growth.

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