recently, our Nation has been hitting a lot of very unfortunate milestones. Data from the National Association of REALTORS shows that the average age of the first-time home buyer in America has reached an alltime high of 40 years old, while the number of first-time home buyers has also reached an alltime low. We just experienced the highest monthly spike in gas prices in decades, thanks to the President's reckless war in Iran. And perhaps most staggering, just last month, we reached a new and unthinkable milestone when the national debt eclipsed $39 trillion, the highest it has been at any point in our Nation's history. For context, when I first came here to Congress in 2009, the national debt stood at $10.6 trillion. That means more than $28 trillion has been added to the debt in just 17 years. This illustrates what economists have warned about for years: The national debt is growing at an exponential rate, and it is past time to stop the bleeding. Yet, for decades, this issue has not received the attention and demands that Congress needs to act. That is why I am back on the Senate floor today to address my colleagues and the American people. The alarm bells cannot continue to fall on deaf ears. The fate of future generations of Americans depends on it.
Editor's note · Context
Addressing the national debt and economic challenges facing the country.
Share
More from Gary Peters
“I’m proud to help lead this bipartisan resolution to encourage more folks to get out and enjoy the natural treasures here in Michigan and all across our great nation, and to highlight the importance of preserving these lands and waters…
This bipartisan legislation would help keep kids safe on social media and provide parents with tools to prevent their children from experiencing harm online.
I’m also proud that fire departments across the Bay Region have been able to use grant programs I fought for to purchase critical safety equipment that helps keep first responders safe when they go into harm’s way.
This year’s motorcycle tour is all about saying thank you to the amazing people and communities that I’ve been proud to represent during my time in Congress.





