Speeches at 2015=2016 Values Voters Summit: on Budget & Economy


Ben Carson: $18T national debt pales with $200T liability fiscal gap

We have a national debt of greater than $18 trillion. What a ridiculous amount of money. I mean, a million is a lot. A billion is a thousand million. And a trillion is thousand billion. And we're talking over 18 trillion (dollars). To pay that back at a rate of $10 million a day, 365 days a year, it would take you over 5,000 years. And that's what we're putting on the backs of our young people. But that's the good news, because it's actually much worse than that, because the fiscal gap--it's the amount of unfunded liabilities that we have as a nation--Social Security, Medicare, Medicaid, all the departmental programs. So you look at that amount versus the amount of revenue expected to be brought in through taxes and other revenue sources. Those two numbers should be almost identical if you are responsible. However, when you're not, there's a gap. And you bring that up to today's dollars and you're talking a fiscal gap which is over $200 trillion. It is a staggering amount of money.
Source: 10th Annual Value Voters Summit - 2015 Sep 25, 2015

  • The above quotations are from 2015-2016 Values Voters Summit.
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2016 Presidential contenders on Budget & Economy:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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Page last updated: Dec 09, 2018