Political Quotes

Mark Neumann: I believe this particular bill is important for a whole variety of reasons. First off, I will tell you when I campaigned…

On the recordFebruary 2, 1995
I believe this particular bill is important for a whole variety of reasons. First off, I will tell you when I campaigned last fall, I was concerned as to whether or not we would be able to actually keep the promises in the contract. This is important, because it is another one of those steps to keep the promises we made last fall during the campaigns. More important than that, our Nation right now today is $3.8 trillion in debt. If every man, woman, and child in the whole country were to take out their checkbook and just pay off their share of the national debt, they would need to pay $18,500. For my family of 5, the Federal Government has borrowed $92,500. Just think about this. Over the last 15 years, this Government has borrowed $92,500 on behalf of my family of five. To just pay the interest on the national debt, my family must write out checks or pay taxes, if you like, of over $6,000 a year. The people in my district back in southeastern Wisconsin have average incomes of $32,000 a year, and yet they must write out checks just to pay the interest on the national debt of over $6,000 a year. I strongly support this line-item veto and was one of the original sponsors, because I think it is one of two pieces of legislation that will stop this situation.
Said by
Mark Neumann
Wisconsin

Editor's note · Context

Discussing the importance of a bill related to the national debt and fiscal responsibility.

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