I rise this morning to talk about one of the biggest problems facing our Nation, out-of-control spending. At this very moment, the national debt sits at over $18 trillion. We have not arrived at this point because of the actions of one party or of one administration. Over the years, both parties have enacted programs that have increased our debt. That said, we have reached a point at which we must get serious about reining in our out-of-control spending, or we may fall victim to a similar fate that many nations throughout history have experienced. Here in the U.S., our spending problems are reaching a crisis level, and we are effectively leaving behind a catastrophe for the next generation. The basis of the American Dream is that, if you work hard, you can leave behind a better future for your children and grandchildren. That fundamentally American vision is in jeopardy due, in part, to our irresponsible spending. I am a new and very proud grandfather. My grandson, MacGuire, is about to turn 1, and already, his share of the national debt before his first birthday is over $40,000. We cannot turn a blind eye to this problem and pretend that it will just get better. Let me explain why. There are two basic forms of Federal spending, mandatory spending and discretionary spending. Mr.…
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