Baron P. Hill: “$17 billion is just a drop in the bucket here in Washington, but back in Indiana it is serious money. Seventeen billion…”

“$17 billion is just a drop in the bucket here in Washington, but back in Indiana it is serious money. Seventeen billion dollars is enough to operate all eight Indiana university campuses for 10 years. Seventeen billion dollars almost equals the entire 2-year budget of the State of Indiana. The government projects that this year we will spend $17 billion less on interest payments than we did last year. When we reduce the government's debt, we are given billions of dollars back to the private sector to invest, create jobs and strengthen our economy. By reducing the debt, we are also improving our ability to honor the promises we have made to our seniors through the Social Security and Medicare programs. Other arguments aside, reducing the debt we pass on to our children is just the right thing to do. Not only do we owe it to our American seniors to reduce the debt, but we owe it to future generations as well.”