David Price: “The money that we pay in this interest on the debt, money down the rat hole, one might say, each year over $200 billion.…”

“The money that we pay in this interest on the debt, money down the rat hole, one might say, each year over $200 billion. I wonder if there is anyone in this Chamber who could not think of better public and private uses for those funds than simply paying interest on the debt. And as we look forward to the retirement of the baby boomers and the reversal of the cash flow in Social Security, is it not true that to prepare, to prepare to start redeeming those bonds that the Social Security Trust Fund is holding and making good on those obligations, is there any better way we could prepare for that than to pay down the publicly held debt and get rid of this $200 billion burden around our necks every year in interest payments?”