Political Quotes

Tom Harkin: That is bad enough in itself. I say to the Senator, also by 2009, the interest payments on this debt that we are piling…

On the recordFebruary 4, 2004
That is bad enough in itself. I say to the Senator, also by 2009, the interest payments on this debt that we are piling up under this budget that we have will lead to $980 for the credit card of every man, woman, and child in America. In other words, a family of four will pay nearly $4,000 just in interest on the debt in just that year. They are not buying it down but just paying the interest charges. And, with the policies of this administration, they will just grow and grow. We know what happens to families as they have a growing difficulty just paying the interest on their credit cards. Where is a big chunk of that interest rate payment going?
Said by
Tom Harkin
Democratic · Iowa

Editor's note · Context

Discussing the impact of national debt and interest payments on American families.

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