Bob Wise: “But the big thing I have learned is that we have a debt of almost $5…”

On the recordSeptember 13, 1995

But the big thing I have learned is that we have a debt of almost $5 trillion. And these young people in school and their children and their grandchildren are going to be paying this debt. It used to be, when I was a young person, our parents worked all their lives to pay off the mortgage and then leave the farm to the children. And now it seems like what we are doing is spending our entire lives mortgaging the farm and the Government takes the farm and the children are left with the debt. We need to turn that around.

Said by

Bob Wise

West Virginia

Source

govinfo.gov

Editor's note · Context

Discussing the implications of national debt on future generations during a floor speech.

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Bob Wise: “But the big thing I have learned is that we have a debt of almost $5 trillion. And these young people in school and…”

Editor's note · Context