Louise Slaughter: “as of yesterday, the national debt hit $7,444,423,020,967.95. It translates to over $25,000 owed by each and every one…”

“as of yesterday, the national debt hit $7,444,423,020,967.95. It translates to over $25,000 owed by each and every one of us. The national debt is growing so fast, $1.6 billion every single day, that the last seven digits on the national debt clock in New York City are flipping faster than can be seen by the human eye. No one is spared this heavy economic burden, not even America's children. In fact, today every child born in America comes into this world owing a birth tax of $25,255 which is their share of payment on a national debt that they had no part in creating. To my friends on the other side of the aisle that fought with such fervor and passion against the so-called death tax, I ask, where is the moral indignation when it comes to the birth tax which is levied on this Nation's most innocent Americans, its children? This is a moral issue. The Federal Government cannot continue to borrow 20 cents of every dollar it spends, run up historic deficits, and add to the Federal debt without seriously harming the economy for generations yet unborn.”