Kent Conrad warns about the escalating federal debt levels.
01/07/2009
https://www.congress.gov...
I wish we had been more successful in persuading our colleagues to have a bigger package.
We have got the lowest revenue as a share of the economy in 60 years, the highest spending as a share of GDP in 60 years.
I believe the risk to Medicare and Social Security recipients is a failure to act in a timely way to deal with the long-term debt trajectory...
My calculus tells me that me that this year we will hit gross debt to GDP of just over 90 percent.