Kent Conrad: “The debt of the country at the beginning of the last administration…”

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

Source

govinfo.gov

Editor's note · Context

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

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

Editor's note · Context