Tracey Mann: “When I come to this floor, I often speak about how our brightest days are yet to come, about the next generation of…”

“When I come to this floor, I often speak about how our brightest days are yet to come, about the next generation of Americans, and about the future we should be working to build for them. Currently, the Biden administration and Washington's embrace of fiscal insanity is a stumbling block to reaching that future. In November, America's national debt climbed to $36 trillion. This is not normal. Washington, D.C., has a spending addiction, and it is just expected that Americans and future generations of Americans will pay for it. Our Nation, our children, our future grandchildren, and our future great-grandchildren cannot afford for us to continue kicking the can down the road. Last year, the U.S. Census revealed that the median household income was nearly $80,000. Today, if everyone decided to pitch in and tackle our debt, every American household would need to contribute almost $273,000 to bring our balance to zero. Compare that price tag to the average mortgage in the United States, which is about $245,000. Our national debt 4 years ago was nearly $28 trillion. Over the course of 1,400 days, the United States accumulated a debt of $68,352 per second. No American family could survive that way. Yet, year after year, this is the way our Federal Government acts. This is not sustainable. If any Member of this body had a loved one who was racking up debt at this rate, none of us would encourage them to mindlessly continue their spending habits.…”