Political Quotes

Roscoe Bartlett: “That is right. That is what happened in Russia today. So their senior citizens who worked a lifetime to earn a…”

On the recordMarch 12, 2003
That is right. That is what happened in Russia today. So their senior citizens who worked a lifetime to earn a retirement, now have $5 to $6 a month for their retirement. We could monetize the debt. We could cause such inflation in this country by printing money that is not represented by goods and services, and that is what inflation is. We could do that so it would be easy to pay down this debt because we would be paying it down with cheap dollars, but the people who really get hurt are those people who have worked hard and are counting on retiring on interest. We have destroyed their retirement. We have no right to talk about doing this to people in the future.
Said by
Roscoe Bartlett
Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the impact of inflation on retirement savings during a floor speech.

Share

Share on XShare on FacebookEmail this quote

More from Roscoe Bartlett

Feb 28, 2012

In your view, is the average citizen in these countries now better off under the dysfunctional government than they were under the tyrannical government?

congress.gov
Mar 19, 2012

Just 7 months ago, Deputy Secretary Carter certified in writing to the Congress that the Global Hawk system was 'essential to national security,' there was no other acceptable capability to meet the requirement, and the Global Hawk was…

congress.gov
Oct 25, 2011

The more money I keep here in the United States, the better off I am going to be at seeing people go back to work.

congress.gov
Nov 15, 2011

Another element in the discussion as to how much money we will spend in the future on defense is the recognition that our robust defense spending in the past and our willingness to protect has encouraged many of our allies to be quite…

congress.gov
View all Roscoe Bartlett quotes

Other voices in this conversation