I would like to make two observations. One is that about the time of the Reagan administration, there were a lot of bumper stickers I saw out there that said ``no trillion dollar debt.'' Now it is more than six times that big, and we have not had any six-fold inflation since that time, and where is the outrage? Where is the outrage that we are passing this heritage on to our children and our grandchildren? I thought I had remembered that during the Eisenhower years that our government first reached a $100 billion budget, I thought, gee, $100 billion is a lot of money. So I had the staff go back and check, and it was a couple of years after Eisenhower actually before we spent $100 billion. Look at America then and America now; and we are spending what now, over $2 trillion.
Roscoe Bartlett: “I would like to make two observations. One is that about the time of the Reagan administration, there were a lot of…”
Editor's note · Context
Discussing national debt and fiscal responsibility during a speech on the House floor.
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