the Federal debt run up by the Congress of the United States stood at $4,511,229,509,376.83 as of close of business yesterday afternoon, January 26. Averaged out, every man, woman, and child in America owes a part of this massive debt run up by the Congress of the United States, and that per capita share stands at $17,303.56. I might add, parenthetically, that the national debt at the close of business on January 26 a year ago, 1993, stood at $4,171,137,611,859.33. I did a little bit of mathematical computation, and I discovered that the national debt increased during the past year by $340,091,897,517.50 in this 1-year period. I would further add, parenthetically, that although you hear a cacophony of political voices in the arena claiming that this debt was run up by this President or that President, the truth of the matter is that the dead cat lies on the doorstep of the Congress of the United States, the Senate and the House. Because no President, not Ronald Reagan, not George Bush, not Bill Clinton, can spend a dime that has not first been authorized and appropriated by the Congress of the United States.
William Helms: “the Federal debt run up by the Congress of the United States stood at $4,511,229,509,376.83 as of close of business…”
Editor's note · Context
Helms addresses the rising federal debt and Congress's role in its accumulation.
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