On the recordMarch 20, 2002
I would like to further elaborate that just a couple of years ago that interest payment figure the gentleman cited was closer to $225 billion, and, just to put that in context for the folks at home, that was almost as much as we spent on Medicare for the entire country for that year. The good news was we were starting to reduce that interest payment, but now, as I think your chart points out, we are going to actually start borrowing more money again, driving up that interest payment, wasting money and potentially jeopardizing these historically low interest rates that consumers have been enjoying, as the gentleman from Wisconsin (Mr. Kind) has said.
Source
govinfo.gov
