Political Quotes

Charles W. Stenholm: “In my opinion, we have the makings of the perfect storm in this country today, 500, now $600 billion deficit as far as…”

On the recordSeptember 16, 2003
In my opinion, we have the makings of the perfect storm in this country today, 500, now $600 billion deficit as far as the eye can see and we are ignoring it, $500 billion trade deficit as far as the eye can see and going up and we are ignoring it. The baby boomers are set to begin retiring in 2011, and everyone admits that that will put one of the biggest strains on the economy of the United States in our history. The gentleman's chart shows it today and no one argues with that, no one. From the AARP up and down all admit we have got a problem. And what have we done about that problem? Zero. Talk about it. But nothing. The makings of the perfect storm.
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govinfo.gov

Editor's note · Context

Addressing the economic challenges facing the U.S. during a discussion on Hurricane Isabel.

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