Deborah Koff Ross: “We have one mission as a coalition, and that mission is to promote…”

On the recordMarch 13, 2003

We have one mission as a coalition, and that mission is to promote fiscal discipline, fiscal responsibility, and to bring common sense to our Nation and its budget process. This country is $6 trillion in debt; and under President Bush's budget that he just released to Congress, over the next 10 years, this country will go from $6 trillion in debt to $9 trillion in debt. This country spends $1 billion every single day simply paying interest on the national debt. We could build 200 brand-new elementary schools every single day in America just with the interest that we are paying on the national debt. I could finish those highways in less than a week just with the interest that we are paying on the national debt. I call it a debt tax.

Said by

Deborah Koff Ross

Democratic · North Carolina

Source

govinfo.gov

Editor's note · Context

Discussing fiscal responsibility and national debt during a speech on the House floor.

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Deborah Koff Ross: “We have one mission as a coalition, and that mission is to promote fiscal discipline, fiscal responsibility, and to…”

Editor's note · Context