anyone even remotely familiar with the U.S. Constitution knows that no President can spend even a dime of Federal tax money that has not first been authorized and appropriated by Congress--both the House of Representatives and the U.S. Senate. So when you hear a politician or an editor or a commentator declare that Reagan ran up the Federal debt or that Bush ran it up, bear in mind that it was, and is, the constitutional duty of Congress to control Federal spending. Congress has failed miserably in that task for about 50 years. The fiscal irresponsibility of Congress has created a Federal debt which stood at $4,515,062,063,163.40 as of the close of business yesterday, Thursday, February 3. Averaged out, every man, woman, and child in America owes a share of this massive debt, and that per capita share is $17,318.26.
William Helms: “anyone even remotely familiar with the U.S. Constitution knows that no President can spend even a dime of Federal tax…”
Editor's note · Context
The speaker addresses Congress's responsibility for federal spending and the resulting national debt.
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