Political Quotes

On the recordJune 15, 2015
I am glad you brought up the monetary aspect of it because, look, Morehouse College, accounting major, I get numbers, and I get the concern that we have about the budget, the deficit and the national debt. The other thing that I know from my basic accounting classes is that we shouldn't talk about spending as the only criteria for how we judge things. The conversation in D.C. should be about return on investment. Anything that gives us greater than a 1 to 1 return, then we can use whatever is greater than 1 to pay down the debt and the deficit and get us to a more balanced country. Let me give you an exact example. You used Head Start, early childhood education. You get a 9 to 1 return on every dollar that you spend. Now, I am not chairman of Ways and Means; I am not over the Budget Committee; I am not on Appropriations, but in my simple household, when I was young, I knew that $9 was greater than $1, and that if you spend $1 and you could get $9 back, you could do great things with that extra $9, like spend $4 of it on reducing the debt, spend another $5 on other programs that would give kids the opportunity to reach their full development, to also reduce crime, which means not only do you have less people incarcerated, but you have less victims of crime. When we start evaluating the programs that we are talking about, that is what we need to focus on.…
Said by
Cedric Richmond
Democratic · Louisiana
Source
govinfo.gov
Jun 15, 2015

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