Steve Buyer: “the Federal debt is over $5 trillion. Interest alone on the Federal debt this year will cost $2,340 for every household…”

“the Federal debt is over $5 trillion. Interest alone on the Federal debt this year will cost $2,340 for every household in Indiana's Fifth Congressional District. The Federal Government will spend more than $4.3 billion each day this year; and of that amount, $446 million per day is deficit spending. Our Nation's Federal debt and yearly deficit continues to be one of America's darkest clouds. Even if we do balance the budget in 6 years, our Nation's debt will increase to over $7 trillion. The debt stymies personal economic growth, business development, job creation, and puts in doubt whether we will hand our children an opportunity for a better life that we have had. The national debt is still manageable. We can and we must balance the budget by fixing ineffective government programs and slowing the growth of government spending. It is a commonsense approach to balancing our budget. My hope is to balance our Federal budget using a thoughtful and caring process of time, as we move to streamline Federal programs and shift functions to the State and local level. It is unfortunate the President continues to embrace a big Federal Government in the hope it can be all things to all people. Just weeks after President Clinton told America during the State of the Union Address that the day of big government is over, he sent Congress a budget that is more of the same.”