Political Quotes

Rand Paul: “Yes. I remember when, a couple of years after that, we actually became that--our economy was equal to our debt. So the…”

On the recordOctober 7, 2021
Yes. I remember when, a couple of years after that, we actually became that--our economy was equal to our debt. So the gross domestic product--how much everything is worth that is produced in the whole country--was about 17 or 18 billion at the time, as the debt sort of crossed that. We are now, depending on how you measure it, some say at like 140 percent of our GDP, and the interesting thing is, that is about where Greece was when Greece began to declare its bankruptcy and was unable to pay its bills. It is alarming. It is foolish and unwise for us to say: Oh, there are no consequences. I think there will be consequences, and the No. 1 thing that we are seeing now is inflation.
Said by
Rand Paul
Republican · Kentucky
Source
govinfo.gov
Oct 7, 2021

Share

More from Rand Paul

Oct 2, 2026

I have no doubt that the authors of this bill genuinely want to protect children, but the bill they have written promises to be a Pandora's box of unintended consequences.

reason.com
Sep 24, 2026

If it goes to him, he might condescend if he decides to do so, to let us look at some information.

dailycaller.com
Oct 2, 2026

If good intentions created laws, or created good laws, there would be no need for congressional debate.

reason.com
Sep 23, 2026

Let me be clear about what just happened here. A majority of the committee voted to seek the truth. All Republicans voted to seek the truth. We voted to protect this witness, and hear her story. All we needed were two Democrats willing to…

dailycaller.com

Other voices in this conversation