Political Quotes

Tom Coburn: This next chart kind of brings it home. Every man, woman and child in 1997 owed $19,898. That is the debt divided by the…

On the recordMarch 10, 1999
This next chart kind of brings it home. Every man, woman and child in 1997 owed $19,898. That is the debt divided by the population. In 1998 it went up to $20,123. This year, under the budget that we are operating now, the appropriation bills that have been passed, the debt for every man, woman and child in this country is going to go up over $500. The debt is rising, as we speak, $275 million a day. A day. We are adding $275 million. We are taking $275 million worth of lost opportunity for our children and grandchildren each day that we continue to run under a dishonest accounting system. I think that is something that the American public can relate to. So a surplus is only a surplus if an individual's portion of the debt is going down. It is only a surplus if the debt is going down.
Said by
Tom Coburn
Republican · Oklahoma

Editor's note · Context

Discussing national debt and its impact on future generations.

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