Political Quotes

On the recordJanuary 7, 2009
If you are at 23 percent of GDP for spending, and you only get your revenues up to 18.2 percent of GDP, you have got a structural deficit of 5 percent of GDP.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Kent Conrad explains the implications of spending versus revenue levels on the budget deficit.

Share & report

More from Kent Conrad

Sep 6, 2016

I sense there is a feeling here that we have got to get some of these things done that are hanging out there.

congress.gov
Sep 6, 2016

The consequence of failure has to be made clear.

congress.gov
Sep 6, 2016

You know, we met with a Congressman on the Ways and Means Committee this morning, and we were on a subject related to this. You really see it with our elderly people who do not have options or options are closing in on them.

congress.gov
Sep 6, 2016

The surviving spouse provisions are especially important with regard to offsetting some of the unfairness that exists elsewhere.

congress.gov

Other voices in this conversation