Sunday Morning Quotation – Senator Coburn on US Debt

Senator Tom Coburn (R-Oklahoma) on CBS News:

S&P’s downgrade on us was right. Matter of fact, we’re going to get another downgrade. I can tell you right now… If you look what’s getting ready to happen to us, in another five years, we’re going to have $22 trillion worth of debt. We’re going to have 120% of our total GDP in debt. If you look at historic interest rates, we’re going to be paying $800 billion a year in interest. Where are we going to get that money?

HT: Fox.

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