Political Quotes

John Spratt: we can see it coming down the track. This chart depicts it as graphically as we can make it. The deficit never rises…

On the recordMay 10, 2005
we can see it coming down the track. This chart depicts it as graphically as we can make it. The deficit never rises below, never falls below $350 billion, and rises to $621 billion. Tally that up and we will see a mountain of debt added over the next 10 years, and then we have to pay debt service, we have to pay the interest on that debt; and that debt service begins to encroach upon other necessities, other critical priorities of the government like education, like health care. So this is why we are concerned, the gentleman and I, and we, we are leaving to the next generation this legacy of debt. Surely, surely this generation of Americans, like every generation, which has strived to leave their children a better life, a better world, a better economy, does not want to be remembered for leaving our children and grandchildren a mountainous legacy of debt; but that is the course we are on right now. Let me stop there so that we can yield to the gentleman from Alabama (Mr. Davis).
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John Spratt
South Carolina

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