Tim Ryan: “Absolutely. I think an amazing number here, and I know viewers cannot…”

On the recordMay 18, 2004

Absolutely. I think an amazing number here, and I know viewers cannot see these at home, but these are official statistics. Household debt in January 2001 was $6.6 trillion. Household debt today, $8.8 trillion; $2.2 trillion more of household debt. And that is the issue that we keep talking about because the debt tax, the tax per household from this reckless binge that we have been on over the past 3 years is ultimately going to cost your kids and your grandkids enormous amounts of money to pay for that debt.

Said by

Tim Ryan

Democratic · Ohio

Source

govinfo.gov

Editor's note · Context

Discussing the increase in household debt and its implications for future generations.

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Tim Ryan: “Absolutely. I think an amazing number here, and I know viewers cannot see these at home, but these are official…”

Editor's note · Context