Political Quotes

Roscoe Bartlett: “That is about $10,000 per family. Just paying interest, by the way, the first thing that comes out of your paycheck is…”

On the recordApril 21, 2004
That is about $10,000 per family. Just paying interest, by the way, the first thing that comes out of your paycheck is interest on the debt. Before you can do anything, before you can build roads or fund your schools or do anything, you have got to pay interest on the debt. So it comes right off the top. Every year we do not balance the budget makes it that much harder to balance the budget next year, because we have a larger interest debt to pay. By the way, in our fondest dreams today, in 4 or 5 years we are going to cut the deficits in half? That will not get us there, will it?
Said by
Roscoe Bartlett
Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the impact of national debt and budget deficits on families and government funding.

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