Political Quotes

Tim Ryan: As we run these deficits, as the gentleman from New York just stated, it is not free. We are borrowing, money and we…

On the recordFebruary 15, 2005
As we run these deficits, as the gentleman from New York just stated, it is not free. We are borrowing, money and we have got to pay interest on it. The interest payments and the money that we have got to pay on our debt becomes a greater portion of the budget that we have every year here, and that is less money that we have for Pell grants, that we have for investing in the health and education and general welfare of our society in order to lift more people up, to create taxpayers.
Said by
Tim Ryan
Democratic · Ohio

Editor's note · Context

Discussing the impact of budget deficits on funding for education and social welfare programs.

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