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Ron Johnson: “We just borrowed more money. It was short term borrowing.”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Sen. Johnson in HSGAC Hearing

Published | Video Starts at 05:32

We just really reclassified a long term liability to a short term liability. Correct. It's really just been a balance sheet entry. Correct. There really wasn't any funding going on. We just borrowed more money. It was short term borrowing. and we just, I think improperly reclassified a long term liability into a current liability. Is that basically true? Yes, sir. (05:32–05:36)

CLAIM

Asserts that the postal system borrowed more money through short-term borrowing.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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