On the recordJuly 14, 2005
$26,436.78. So to every citizen that can hear me, this is what they owe, and to every citizen that cannot hear me, this is what they owe. And to run the country, the Republicans, a few months ago, had to lift the cap on the debt. They had to lift the debt ceiling because they are running high deficits. And to come down here in 2005 and tout supply-side economics, which the first President George Bush called ``voodoo economics,'' is hilarious, absolutely hilarious, when we have kids going to school all over the country that live in poverty; 50 to 60 percent of the kids in Youngstown City School District live in poverty; 85 percent qualify for free and reduced lunch. And we are talking about how great the economy is going? I would like to live in some of these places. And I think it is offensive, quite frankly, in many ways to somehow suggest that, by a slight decrease in the budget deficits because a loophole was closed and the stock market had a halfway decent run for a few months, that that somehow suggests that everyone is doing well is just out of touch really, out of touch with reality. {time} 1700 This is the reality: $7.8 trillion this country owes. I love how the President says, well, if Congress would just rein in spending. The Congress is Republican. A Republican House, Republican Senate, Republican President; and they are blaming each other about who has got to rein in spending; $26,000 you owe to the Federal Government.…
Source
govinfo.gov




