Political Quotes

Tom Latham: I just want folks to step back for just a second here. You know, last year at the end of the year we spent $700 billion…

On the recordFebruary 13, 2009
I just want folks to step back for just a second here. You know, last year at the end of the year we spent $700 billion on the TARP. Who knows if it has had any effect. No one knows for sure. This Tuesday, the Secretary of the Treasury said we are going to spend another $2 trillion. Today, we are going to spend $890 billion; with interest, well over another $1 trillion. In another couple weeks, we are going to spend another $400 billion on the omnibus bill. Then there is going to be a war supplement. We are talking about over $4 trillion here in less than 3 months. This is the most selfish bill I have ever seen generationally. We are saying to our children and grandchildren: We don't care about you, because we just want self-gratification now. We want to feel better today. We can't take any pain ourselves. Our kids and grandchildren are paying for this, and it is going to limit their opportunities for the future for the next generations.
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Tom Latham
Iowa

Editor's note · Context

Discussing the financial implications of government spending during a floor debate.

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