On the recordJuly 12, 1995
Like the gentleman says, that is only the interest. The scary part about this whole thing of debt and how large it has gotten, that interest on the debt within a couple of years, we are going to be paying more just on the interest on that debt than we are for our entire military expenditures. Just think of that, the Army, the Navy, the Air Force, the Marine Corps, the Pentagon, all those things, you can imagine all the ships we have, all the soldiers, all the planes, et cetera, how much that costs. The spending on the interest on the debt will be more than the whole military. I mean, that is just a mind-boggling figure. We have got to do something about it.
Source
govinfo.gov
