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Deborah Koff Ross: this evening, as every Tuesday evening, the members of the 37-Member strong fiscally conservative Democratic Blue Dog…

On the recordApril 4, 2006
this evening, as every Tuesday evening, the members of the 37-Member strong fiscally conservative Democratic Blue Dog Coalition come to the floor of the United States House of Representatives, here at our Nation's Capitol, to address the debt, the deficit, and tonight also the budget. And for those of you who have walked the halls of Congress, it is easy to spot when you are walking by a Member's office that is a member of the fiscally conservative Blue Dog Coalition because you will see one of these posters, one of these posters that displays the current national debt. And every American citizen shares the National debt. As you can see, at the moment, the U.S. national debt is $8,378,143,406,405 and some change. And for every man, woman, and child in America, including those being born this hour, your share of the national debt is $28,000. We raise these issues for a number of reasons, Mr. Speaker. It is hard now to remember, but from 1998 to 2001, our Nation enjoyed a balanced budget. We had a surplus. We could meet many of America's priorities. But today, for the sixth year in a row, we have the largest budget deficit ever in our Nation's history. Our Nation is borrowing a billion dollars a day. We are sending $279 million a day to Iraq, $57 million a day to Afghanistan, a billion a day we are borrowing, and on top of that we are spending half a billion dollars a day simply paying interest, not principal but just interest on the debt that we already have.…
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Deborah Koff Ross
Democratic · North Carolina

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