On the recordApril 27, 2022
about 6 years ago, I came to this floor and presented an idea: How do we get on top of our debt and deficit? Are we going to get on top of our debt and deficit? Interestingly enough, for each of us and our own families, we can all tell a story about a season in our life that we really hit hard times. I have had several where the money was really tight and our family was very attentive to what we were spending--very--those moments when we would literally make sure that every time we went to the grocery store, we only spent this much because we knew we had an electric bill coming in; we knew we had our rent coming due. My family has most definitely been there. My wife and I, when we were first married, we had a rule that we couldn't ever spend more than $25 without the other person knowing it because our fear was when we were first married that one of us would spend $30 and the other would spend $35 that day and we would blow up our bank account because we were living that close to the edge and just getting by while I was at school and we were just getting started. A lot of families have been that way. You can tell how serious a family is about dealing with their debt by how seriously they take their expenses. There are some individuals that have massive debt that still keep running up their credit card. They keep buying more and more product.…





