more than 3 years ago I began making daily reports to the Senate making a matter of record the exact Federal debt as of the close of business the previous day. As of the close of business Friday, April 28, the exact Federal debt stood at $4,852,327,350,096.60, meaning that on a per capita basis, every man, woman, and child in America owes $18,419.52 as his or her share of the Federal debt. It is 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 Senators do not concentrate on getting a handle on this enormous debt, the voters are not likely to overlook it next year.
William Helms: “more than 3 years ago I began making daily reports to the Senate making a matter of record the exact Federal debt as of…”
Editor's note · Context
Discussing the federal debt and the need for a balanced budget amendment.
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