Political Quotes

Kent Conrad: “Some have said: But we are paying down the debt. Make no mistake, we are paying down the publicly held debt, but the…”

On the recordMay 26, 2001
Some have said: But we are paying down the debt. Make no mistake, we are paying down the publicly held debt, but the gross debt is going up, because the debt to the trust funds is skyrocketing under this proposal. Let me just end. This is a chart that shows what is happening to the gross Federal debt. It is $5.6 trillion today. At the end of this period, it is going to be $6.7 trillion. The debt is not going down, the debt is going up. This bill ought to be defeated.
Said by
Kent Conrad
Democratic · North Dakota
Source
govinfo.gov

Editor's note · Context

Discussing the implications of a proposed bill on federal debt.

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