Barney Frank: “First, Mr. Chairman, I hope the gentleman from Texas will remember…”

On the recordSeptember 27, 2007

First, Mr. Chairman, I hope the gentleman from Texas will remember this problem about spending when we again debate the proposal to spend hundreds of billions of dollars sending a manned spaceship to Mars, which I have been opposed to, and I hope he will join me in that unnecessary expenditure and oppose it. Secondly, CBO says he is wrong. The wind part is written, unlike the flood part, to require actuarially sound policy premiums to break even, and CBO certified that it's there. So the notion that this is adding trillions or even billions to our debt is simply wrong, according to CBO.

Said by

Barney Frank

Democratic · Massachusetts

Source

govinfo.gov

Editor's note · Context

Discussing government spending and the implications of a proposed manned mission to Mars.

Share on X Share on Facebook Email this quote

Barney Frank: “First, Mr. Chairman, I hope the gentleman from Texas will remember this problem about spending when we again debate the…”

Editor's note · Context