Political Quotes

On the recordSeptember 28, 1995
At least in Michigan, they are saying you are not going far enough, you are not going fast enough. You know, we are not doing the traditional tax-and-spend anymore. I mean, the voters of this country have said, ``Look, we are paying over 42 percent of what we earn in taxes. Now, that is enough.'' So what Government has done is they have decided that they can go out and borrow the money and expand social programs and expand the size of this bureaucracy by borrowing more and more money. The interest just of servicing the Federal debt, the interest on the debt subject to limit this year was over $330 billion, almost 22 percent of our budget just for servicing the debt, and so the borrowing has got to be stopped. We have got to bring down the size of this Government if we want individuals to to have the freedom and independence that the founders of our Constitution designed.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Addressing government borrowing and taxation during a speech on fiscal responsibility.

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