Tim Ryan: “Your share of the national debt is $26,000, and I think we really need to start looking in terms like this, because not…”

“Your share of the national debt is $26,000, and I think we really need to start looking in terms like this, because not only do business people always worry about what the next quarter's earnings are going to be, what is the next quarter's profits going to be, and we tend to always think what is the next election going to be like, because we get elected every 2 years, so there is no real long-term thinking. So I think it is important for us, especially during the discussions the 30-something group has, is to have this broad discussion: What does this look like to a baby born today and you add this on? Then we have got the number here that the average college student has $20,000 of debt after going to college; plus a credit card debt, plus a car payment. So what we are trying to say here is that a baby born today has a tax on their head of at least, at least, and that is today, if the clock does not run, of at least $50,000 by the time they are 22 years old and graduating.”