Reid Said In 2006 That “Given The Explosion Of Debt In Recent Years… The Future Of Our Economy And Our Nation Is At Stake.” SEN. HARRY REID: “Given the explosion of debt in recent years, it is long past time for Washington to change the course and adopt a new fiscal policy. After all, the future of our economy and our Nation is at stake.” (Sen. Harry Reid, Congressional Record, 3/16/06, p. S2235)


Reid Said “Under The Circumstances, Any Credible Economist Would Tell You We Should Be Reducing Debt, Not Increasing It.” SEN. HARRY REID: “After all, I repeat, the baby boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it.” (Sen. Harry Reid, Congressional Record, 3/16/06, p. S2235)

Obama Said “Interest Payments Are A Significant Tax On All Americans—A Debt Tax That Washington Doesn’t Want To Talk About.” SEN. BARACK OBAMA: “And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans—a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.” (Sen. Barack Obama, Congressional Record, 3/16/06, p. S2237)