Scott Walker: “$20.2 trillion. Our national debt is more than $20.2 trillion. Let's put it this way: each American's share of the…”

“$20.2 trillion. Our national debt is more than $20.2 trillion. Let's put it this way: each American's share of the national debt is $62,000. From the retiree in North Carolina who has already done so much to serve the country, to the newborn child in New York with so much potential, that is $62,000. In fact, it is more than the median American family brings home in an entire year. Our debt continues to mount, even as Federal reserves reach record highs. This leads to an undeniable conclusion, even from Captain Obvious: the Federal Government has a spending problem. The growing Federal Government has significant negative consequences for the country and its people. The large Federal debt reduces investment, productivity, and wages, while Federal interventions in the economy reduce the incentive to work, resulting in a shrinking labor market. The debt can have dangerous implications for our national security, recently causing a bipartisan group of leading national security officials to write that ``our long-term debt is the single greatest threat to our national security.'' Most fundamentally, when the Federal Government is too big and too intrusive, it interferes with our unalienable rights to life, liberty, and the pursuit of happiness. Eleven months ago, the American people voted to give Republicans unified control of government. Now it is time to follow through and implement the policy agenda that Congress and the President were elected on.…”