Jason Altmire said "And I know that the gentlewoman is going to talk about this next issue, and Mr. Murphy and I talked last night at great length about the fact that the second largest line item on the budget that the President submitted to us on Monday, the second largest line item in a $3.1 trillion budget that is literally a foot thick page by page is interest on the national debt. The Pentagon budget is first, and interest on the debt is second. I believe the gentlewoman has a chart showing it's approximately $240 billion, just interest, on the national debt. So when you think about that $407 billion deficit for 1 year that the President submitted to us, more than half of that is due solely to interest on the debt that he has accumulated over the last 7 years." @ PoliticalQuotes.com

On the recordFebruary 7, 2008

And I know that the gentlewoman is going to talk about this next issue, and Mr. Murphy and I talked last night at great length about the fact that the second largest line item on the budget that the President submitted to us on Monday, the second largest line item in a $3.1 trillion budget that is literally a foot thick page by page is interest on the national debt. The Pentagon budget is first, and interest on the debt is second. I believe the gentlewoman has a chart showing it's approximately $240 billion, just interest, on the national debt. So when you think about that $407 billion deficit for 1 year that the President submitted to us, more than half of that is due solely to interest on the debt that he has accumulated over the last 7 years.

Said by

Jason Altmire

Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing the national debt and budget deficits during a House floor debate.

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