Political Quotes

Nick Smith: “What I am a little nervous about on this reorganization plan that government might have is what some might call…”

On the recordMarch 13, 2003
What I am a little nervous about on this reorganization plan that government might have is what some might call monetizing the debt, just printing more money, causing inflation, so it is easier to pay back. That would be terrible.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Expressing concerns about potential inflation from government reorganization plans.

Share

More from Nick Smith

Jul 7, 2004

Reclaiming my time, although I support the intention of the chairman of the Committee on Small Business, my concern would be where the money comes from. So, in the MEP program, it is already sacrificing, and this also takes funds out of…

govinfo.gov
Apr 21, 2004

It is a whole different 1-hour debate and discussion; but just, for example, one country, we have $100 billion deficit trade with China, and what does China do with that extra $100 billion? They probably invest it in our companies, or buy…

govinfo.gov
Jul 8, 2004

If it says that the $20 million is going to be withheld unless and until there is full cooperation by the United Nations and participating countries releasing available information on the Oil-for-Food program?

govinfo.gov
Apr 21, 2004

How do we change? How do we develop the kind of discipline, intestinal fortitude to start slowing down this huge growth of government to the extent that we have decided we will simply borrow more and more money to take home to our…

govinfo.gov

Other voices in this conversation