Political Quotes

On the recordMarch 6, 1996
Just to pay their share of the interest. It is time everybody, that is, however you want to put it, you are a young man relatively, I would say to the gentleman from Connecticut [Mr. Shays], but everybody had better start looking at what this Government is doing to their lives and the lives of their children. Not only is it immoral to make our kids and grandkids pay our bills today, like they are not going to have their own problems when they grow up, but it is tremendously negative on the economy, because our demand for money, for more borrowing, has driven up interest rates by 2 percent.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Addressing the impact of government borrowing on future generations and the economy.

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