Political Quotes

John Spratt: I believe the correct number is $984 billion over the next 12 months. And under rule 27, if it applied, the debt…

On the recordApril 10, 2003
I believe the correct number is $984 billion over the next 12 months. And under rule 27, if it applied, the debt increase would go up every year, staircase for the next 10 years, and the public debt subject to statutory limitation would increase from just over $5 billion to a bit over $11 trillion in 10 years, if the fiscal policies implemented by this rule are actually passed and carried out.
Said by
John Spratt
South Carolina

Editor's note · Context

Discussing the projected increase in public debt related to fiscal policies.

Share

More from John Spratt

Jul 15, 2009

Let me get something clear. There are a hundred and three operating nuclear reactors, commercial reactors in operation generating spent fuel waste.

congress.gov
Jun 18, 2009

Nobody should be financially destroyed due to a catastrophic illness.

congress.gov
Sep 16, 2010

This bill will authorize the Rural Utilities Service to make loans to rural electric co-ops so that the co-ops, in turn, can make loans to families and small businesses for energy conservation and efficiency measures that meet Federal…

govinfo.gov
Jul 15, 2009

All of these have contracts for ultimate waste disposal with the federal government?

congress.gov

Other voices in this conversation