Washington, Nov. 18 -
Mr. Speaker, this week marked the passage of an important milestone in American history. But just donít break out the confetti and fireworks.
According to the Treasury Department, our national debt just passed the $15 Trillion mark for the first time in history.
Hereís what $15 Trillion looks like. Seems like a lot of money to most people.
That totals over $48,000 for every man, woman, and child across the fruited plain.
How did we get here? Through unchecked, excessive spending by the federal government.
This addiction to spending somebody elseís money must stop. We must be bold and cut unnecessary spending.
Tough times call for tough actions. And we must do more.
Congress must pass a Balanced Budget Amendment. Force the government to balance its books just like every other American has to do.
We keep digging ourselves into the dark abyss of debt. Maybe we should quit digging before we reach Greece or the bottomless pit of bankruptcy.
And thatís just the way it is.