Political Quotes

Mike Rounds: “99 percent of all the revenue coming into the Federal Government... is going to go back out in two categories: interest…”

On the recordJune 20, 2016
99 percent of all the revenue coming into the Federal Government... is going to go back out in two categories: interest on the Federal debt and mandatory payments on entitlements.
Said by
Mike Rounds
Republican · South Dakota

Editor's note · Context

Concern about federal revenue allocation limiting public investment.

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We do not have a line-item veto available to the president, [and] this is almost the same thing.

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Until then, we’ll keep the pressure on and continue to fight for a return to service standards that not only meet but exceed expectations.

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