Patrick Leahy: “I think probably one way of rating is our deficit as a share of GDP. I…”

On the recordMarch 4, 1997

I think probably one way of rating is our deficit as a share of GDP. I say this because we do it for ourselves. We talk about having our household budgets in line. As a U.S. Senator, I own a home, of course. But my real home is in Vermont. But I have a home to use when I am down in the Senate. Now, I do as almost all Vermonters, unless they have a lot more money than I do. I buy that with a mortgage. I could not pay for those homes all in 1 year. I am in deficit.

Said by

Patrick Leahy

Democratic · Vermont

Source

govinfo.gov

Editor's note · Context

Discussing the national deficit in relation to personal budgeting during Senate debate.

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Patrick Leahy: “I think probably one way of rating is our deficit as a share of GDP. I say this because we do it for ourselves. We talk…”

Editor's note · Context