“In 2008 alone, we paid $258 billion in interest on debt, one in every ten taxpayer dollars. That is more than three times what we spent on education, more than 7 times what we spent on VA healthcare. If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they're saddled with our debts. And that's why today I'm pledging to cut the deficit that we inherited by half by the end of my first term.”
- Barack Obama, 2009.
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