Would the gentleman mind explaining the fact that every penny of the deficit costs us additional money because we pay interest on what we borrow and that is another expenditure that is added to the budget?
Burgess Owens: “Would the gentleman mind explaining the fact that every penny of the deficit costs us additional money because we pay…”
On the recordFebruary 8, 2005
Source
govinfo.govEditor's note · Context
Discussing the implications of the budget deficit and interest payments.
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