Charles Wilson: “this is a taxing time for America. As a member of the fiscally conservative Democrat Blue Dog Coalition, I welcome these…”

“this is a taxing time for America. As a member of the fiscally conservative Democrat Blue Dog Coalition, I welcome these opportunities to come to the floor and talk about fiscal responsibility and what we need to draw our attention to in this Nation's most pressing problem. Mr. Speaker, it is a skyrocketing national debt. As Congressman Ross has pointed out and indicated in numerous ways, it has just gotten out of hand. We are paying so much money of our tax dollars to pay the interest on the debt to foreign countries that we are borrowing from that it is really changing the face of America. Tonight, Mr. Speaker, the timing is especially good because April 17 is the tax filing deadline for this year. As Americans, we race to the mailboxes with our taxes to meet the deadline, and it is important to note how our national debt affects each and every U.S. taxpayer. The average U.S. household devotes almost $2,000 a year in taxes to pay interest on our national debt, $2,000 a year just to pay the interest. That is about twice the amount they pay in taxes to help fund the Department of Education, veterans' health care, and homeland security programs. Under this administration's budget, the picture only gets worse for American taxpayers. By 2014, the GAO says that more than two-thirds of revenues will be required just to pay the interest on our debt.”