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.
Nick Smith: “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…”
Editor's note · Context
Addressing the impact of government borrowing on future generations and the economy.
Share
More from Nick Smith
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…
I think it is appropriate to mention the only reason this really came to the forefront and has become an issue is because the Election Assistance Commission Chairman, DeForest Soaries, proposed a possibility of a policy for allowing the…
And, Mr. Speaker, of course the lobbyists that come in, they would prefer that it be mandatory spending; so some of these programs, if they can write it in law that if they meet certain qualifications, they automatically get it and it does…
The reason we are here is to make clear to the world that we are not going to have military conscription right now for active military duty. I introduced a bill last year, H.R. 3598, because I think we need to seriously discuss the…





