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

Share & report

More from Cedric Richmond

Jan 30, 2017

I thank Congressman Veasey for the work that he does in representing Fort Worth, Texas. Mr. Speaker, it is a privilege and an honor to be the chairman of the Congressional Black Caucus in that we represent almost 80 million Americans, 17…

govinfo.gov
Jun 2, 2015

I only have one amendment, and it is the amendment to move $155 million from the Bureau of Prisons over to the Juvenile Justice program. The Acting CHAIR. The Clerk will continue to read the amendment. The Clerk continued to read.

govinfo.gov
Jul 29, 2015

I want to just thank my colleagues from Louisiana for also talking about the devastation that we received in hurricanes, both Katrina and Rita, which we call the ``sister hurricanes'' because they were only separated by a couple of days…

govinfo.gov
Oct 4, 2017

Let me thank the ranking member of the Committee on Education and the Workforce, Bobby Scott, for his hard work, and the rest of the CBC in putting this budget together. Mr. Chairman, I think that what I am having a hard time doing is…

govinfo.gov

Other voices in this conversation