Political Quotes

Steve Chabot: I think the gentleman's analogy about his son paying over $180,000 in his lifetime just on the interest is an excellent…

On the recordSeptember 7, 1995
I think the gentleman's analogy about his son paying over $180,000 in his lifetime just on the interest is an excellent analogy. Another one I think that really hits home as to how large this debt is, that if we do not do something within the next year or so, we are going to be paying more just on the interest on the debt than we do for our entire military expenditures. Just think of how much we spend on the military, the Army, the Navy, the Air Force, the Marine Corps, the Pentagon, just think of all the ships that are out at sea, the planes, the soldiers we have, how much that costs. It is a lot of money. We are going to be spending less for all of that then we will just for the interest on the debt. It is an incredibly large amount of money. We can no longer afford to pay that because it is driving us completely bankrupt. So I think it is important. What I heard from the folks back in Cincinnati over and over again was, 'Stick to your guns, balance the budget, work with the President, there's no sense in going to war if you don't need to, but if he wants you to spend more money, don't do it. Balance the budget.'
Said by
Steve Chabot
Republican · Ohio

Editor's note · Context

Discussing the implications of national debt and the need for a balanced budget.

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