On the recordJanuary 26, 2012
I am asking for unanimous consent to speak on this issue, a $1.2 trillion raise in the debt limit, for 20 minutes. The PRESIDING OFFICER. Is there objection?
I am asking for unanimous consent to speak on this issue, a $1.2 trillion raise in the debt limit, for 20 minutes. The PRESIDING OFFICER. Is there objection?
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Right now, the unfunded liabilities of this country, with its debt, are $142 trillion.
We have something we call 'maintenance of effort' that we use in other programs, educational programs, when there is Federal money, we say to States, 'You have to maintain effort.'