Mr. Speaker, I rise today to address the tragedy of our national debt. Out-of-control spending is the single greatest nonviolent threat to our Nation. This year alone, the Federal deficit increase exceeded $1 trillion. Just to give some perspective, a trillion $1 bills stacked from the ground would reach 60,000 miles into space. The International Space Station is only at 200 miles. This stack would reach one-quarter of the distance to the Moon. The current debt is at $23 trillion, which amounts to $70,000 per American. It continues to compound year after year after year without any relief in sight. It is estimated that the national debt will rise to 93 percent of GDP in the next 10 years. That means that for every $100 that this Nation makes, $93 would have to go toward servicing our debt. Mr. Speaker, this is a national tragedy. We are bankrupting our children and our children's children's future. We must stop this impending disaster. I urge my colleagues and associates to help us address real solutions. ____________________
On the recordJanuary 15, 2020
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