Political Quotes

Kent Conrad: The debt of the country at the beginning of the last administration was about $5 trillion. They have approximately…

On the recordJanuary 8, 2009
The debt of the country at the beginning of the last administration was about $5 trillion. They have approximately doubled the debt of the country on their watch, dramatically more than doubled foreign holdings of U.S. debt. So the current administration, the outgoing administration, has left the incoming administration in a very deep hole, not to mention the economic difficulties and the extreme need for an economic recovery plan to give lift to this economy.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Discussing the national debt and economic challenges during a transition of administrations.

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