Political Quotes

“One of the things in terms of this much debt that's out there, it reminds me of, we just hit kind of a milestone of being married for 30 years not long ago. And soon after my wife and I were married, we bought a house, and it was a time where the country was facing a similar situation, such high unemployment and, frankly, high inflation. And this is a tremendous concern that I have that with all this borrowing and this debt, inflation will naturally follow. And, in fact, frankly this was at the term of President Jimmy Carter. We were looking at real estate. It was a time of stagflation, both high inflation and high unemployment. And my wife and I bought a home. We got a great deal because real estate wasn't selling, much like today. And we thought we got a--we got a first-time state mortgage rate, and we thought we were just doing great because we got this interest rate. I believe it was 18 percent, which was pretty good because at the time the banks under this type of inflation that naturally comes from this kind of borrowing and spending, the banks were lending at 20, 21 percent interest. So it's something we have a responsibility, not just to today's generation, but our children, our grandchildren, to get this national debt under consideration.”