Political Quotes

Ed Case: “Let me conclude by making one other point that came out of our Committee on the Budget hearings just a week ago when I…”

On the recordFebruary 16, 2005
Let me conclude by making one other point that came out of our Committee on the Budget hearings just a week ago when I asked Office of Management and the Budget Director Bolton, hey, I have not heard much about debt. I have heard plenty about deficits, but I have not heard much about debt. Of course, frankly, I speculate that the reason is it is a lot easier to talk about reducing the deficit in half. But if we only reduce the deficit in half every year, we are still talking about compounded total debt because that is borrowed every single year. So it is not good enough to talk about reducing the deficit in half. It is a matter of balancing our books.
Said by
Ed Case
Democratic · Hawaii
Source
govinfo.gov

Editor's note · Context

Discussing the importance of addressing national debt alongside budget deficits.

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