It was once an American tradition to pay off the mortgage and leave the children the farm. Now we seem to be selling the farm and leaving our children the mortgage. By 1997, we will pay more for interest on the debt than for the national defense. That's right, more of our tax money will be spent to pay interest on government bonds than we'll pay for the Army, the Navy, the Air Force, the Marine Corps, the intelligence agencies and the defense bureaucracy combined.
- From a speech by Newt Gingrich in 1995
No comments:
Post a Comment