Political Quotes

William Helms: for 3 years I have made daily reports to the Senate regarding the exact Federal debt as of the previous day. We must…

On the recordApril 3, 1995
for 3 years I have made daily reports to the Senate regarding the exact Federal debt as of the previous day. We must pray that this year, Federal spending will begin to be reduced--it hasn't yet. Indeed, if we care about America's future, Congress must face up to its responsibility to balance the Federal budget. As of the close of business Friday, March 31, the exact Federal debt stood at $4,864,115,841,256.92, meaning that on a per capita basis, every man, woman, and child in America owes $18,464.61 as his or her share of the Federal debt. It's important to note, Mr. President, that the United States had an opportunity to begin controlling the Federal debt by implementing a balanced budget amendment to the Constitution. Unfortunately, the Senate did not seize their first opportunity to control this debt--but rest assured they will have another chance during the 104th Congress. If the Senate does not concentrate on getting a handle on this enormous debt, their constituents are not likely to overlook it 2 years hence.
Said by
William Helms
Republican · New Jersey

Editor's note · Context

Discussing the Federal debt and the need for a balanced budget amendment.

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