Political Quotes

Tom Harkin: “We have built our consumption based upon basically debt or bubble assets, that type of thing, rather than just earnings.”

On the recordJanuary 20, 2010
We have built our consumption based upon basically debt or bubble assets, that type of thing, rather than just earnings.
Said by
Tom Harkin
Democratic · Iowa

Editor's note · Context

Harkin critiques the reliance on debt and asset bubbles for economic growth.

Share

More from Tom Harkin

May 19, 2015

Our institution's performance, measured by student withdrawal and default rates, is one of the best of any examined, and it appears that students are faring well at this degree-based college.

congress.gov
Nov 17, 2014

I wish to announce that the Committee on Health, Education, Labor, and Pensions will to meet on November 20, 2014, at 1 p.m., in room SD-430 of the Dirksen Senate Office Building, to conduct a hearing entitled ``Why Are Some Generic Drugs…

govinfo.gov
May 19, 2015

The Protect Student Borrowers Act would hold colleges and universities accountable for student loan defaults by requiring them to repay a percentage of defaulted loans.

congress.gov
Nov 19, 2014

I look forward to her speedy confirmation.

congress.gov

Other voices in this conversation