Political Quotes

John Sarbanes: “It is interesting. If you deal with the first year of the 10-year period, it is $23 billion, as I understand it. But you…”

On the recordMarch 8, 2004
It is interesting. If you deal with the first year of the 10-year period, it is $23 billion, as I understand it. But you can't assume, well, we will just project that out at $23 billion a year, each year. So the cost over 10 years would be $230 billion, which is what someone just coming to it at first blush might assume. The fact is that the cost escalates rapidly. So over the 10-year period, it is not 10 times $23 billion, or $230 billion; it is $658 billion, almost triple what you might suppose it would be.
Said by
John Sarbanes
Democratic · Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the projected costs of a 10-year budget plan.

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