I was so scared about what the future held for me. I did some mental calculations, and if it cost me $25,000 a month just to pay my employees, what is my world going to look like in June? I'm borrowing for operational expenses, and I have got no way to really catch up that slack. Well, to make a very long story abbreviated, money did start coming in over the counter. That was the last money that I ever had to borrow. But boy, I'll tell you what, when we come down here and we talk about this budget, I remember just how I felt those days. How was I going home to face my family? No paycheck. You talk about tightening your belt, there just wasn't a belt to tighten. We didn't have anything. I knew I had to continue to perform for my patients because I was obligated to do that. I knew I had to continue to perform for my employees because I was obligated to do that. I didn't ask any questions. I didn't whine about it. I went down and did what I had to do, which was borrow $12,000, and it scared me to death. It scared me to death. And we're going to borrow $1.9 trillion tomorrow just to meet our debt obligations for the next, what, 14 months? Are you kidding me? And the problem is, we've got an administration where no one has ever worked in the private sector.
Michael Burgess: “I was so scared about what the future held for me. I did some mental calculations, and if it cost me $25,000 a month…”
Editor's note · Context
The speaker reflects on personal financial struggles and critiques government borrowing and fiscal policy.
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