as we listen to this critically important debate on the balanced budget amendment, we hear all of the different figures. The fact that $19,000 is owed by every man, woman, and child currently in America; the fact that we spend almost $300 billion in interest on the debt--all of these numbers. But I have a hard time understanding this. How do you put that in perspective--how big is that--in the few moments that I am going to speak? Because I am going to make the formal part of my speech a part of the Record. But in the few moments that I am going to speak--that is 5 minutes--we will have $5.5 million in interest payments. So what does that equate to? That means that instead of paying that interest we could put 100 police officers on the street. It means that during those 5 minutes that I will be speaking we could instead use that $5.5 million to immunize more than 45,000 kids in America. It means that we could provide a year of Head Start for almost 1,500 kids in America. That is what we are consuming just in the few moments that I will be speaking.
Editor's note · Context
Discussing the implications of national debt during a debate on the balanced budget amendment.
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