Political Quotes

On the recordFebruary 7, 2008
That's right, that this is going to be their problem, that these loans that we've taken out from China and from the Caribbean and from OPEC nations, they're going to want that money back. And they're going to want that money back 10 years from now, 20 years from now when folks who are now in their teens and their 20s and 30s are in their prime earning years. Just when they need to be mustering the money to send their kids to college, they are going to be paying exorbitant taxes to the Federal Government because we're going to have to start paying back that debt. So this is an issue that the 30-something Working Group talks about a lot because the problem is today, but even more gravely, the problem is in 20 or 30 years. And it's our obligation to be making policy not just for next week, but for the next decade.
Said by
Chris Murphy
Democratic · Connecticut

Editor's note · Context

Discussing the long-term implications of national debt and its impact on future generations.

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