Yes, we also have to start paying it off. So we have to spend not only no more than we bring in. We have got to spend less than we bring in for a period of time to get rid of that debt. The debt is so large now, it is mind-boggling. Fourteen percent of every dollar that our citizens send up here in the form of taxes goes just to pay the interest on the debt. It is scary, it really is.
Steve Chabot: “Yes, we also have to start paying it off. So we have to spend not only no more than we bring in. We have got to spend…”
Editor's note · Context
Discussing the need to reduce national debt and its impact on taxpayers.
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