Emerson Etheridge said "This is an issue that deserves the attention of every Member of this Congress, and it deserves the attention of the administration. [...] I am sorry to say that when that child is born he will inherit the largest debt and his generation of any group of young people in the history of this country. That is wrong, and this Congress and this administration has an obligation to do something about it. [...] I heard today on the radio, I do not have it in writing, that the inflation increase that we are just facing, and they announced it today, is the largest we have seen in 14 years. [...] If this is correct, what this is going to mean is the cost of that debt is going up, because interest rates will go up with inflation and it will start to squeeze everything." @ PoliticalQuotes.com

On the recordNovember 16, 2004

This is an issue that deserves the attention of every Member of this Congress, and it deserves the attention of the administration. [...] I am sorry to say that when that child is born he will inherit the largest debt and his generation of any group of young people in the history of this country. That is wrong, and this Congress and this administration has an obligation to do something about it. [...] I heard today on the radio, I do not have it in writing, that the inflation increase that we are just facing, and they announced it today, is the largest we have seen in 14 years. [...] If this is correct, what this is going to mean is the cost of that debt is going up, because interest rates will go up with inflation and it will start to squeeze everything.

Said by

Emerson Etheridge

Ind. Republican-Democrat · Tennessee

Source

govinfo.gov

Editor's note · Context

Discussing the national debt and inflation during a speech on the House floor.

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