Earl Blumenauer: “Talking about locking us into $500 billion up to maybe improve up to…”

On the recordApril 20, 2004

Talking about locking us into $500 billion up to maybe improve up to $350 or $370 billion and then trailing off again to that half trillion dollar level, what, in fact, if I understand what the gentleman is saying, that we are consuming, on top of that, all of the Social Security surplus; so actually it is approaching, over the life of what we can project with reasonable accuracy, a trillion dollars in ultimate debt compounded, this is added, year after year after year.

Said by

Earl Blumenauer

Democratic · Oregon

Source

govinfo.gov

Editor's note · Context

Discussing the implications of federal debt and Social Security surplus.

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Earl Blumenauer: “Talking about locking us into $500 billion up to maybe improve up to $350 or $370 billion and then trailing off again to…”

Editor's note · Context