On the recordMarch 26, 2010
I comment on the Senator's point, there is not anybody in this body, Republican or Democrat, liberal or conservative, who does not want a great future for our kids. Everybody does. The Senator from Oregon has a set of twins, beautiful kids. He wants the best for them. What we want is the same thing other Americans want. I showed this little sign earlier. I actually got to meet this girl because I thought it was so unique that she had the wisdom or somebody in her family had the wisdom to make the contrast. She doesn't even have a home yet, and when she had this her share of the debt was $38,375. That is just external debt. That does not include what we borrowed and stole from Social Security and all the other trust funds. If we included that, she would have been about $42,000. I marked through that this morning because it is now at the end of this year, September 30 of this year, every man, woman and little girl and little boy will be responsible for $45,000. It is going to grow $6,000 per man, woman, and child this year alone. That is just talking about the external debt. That is not talking about what we are stealing from other people. Is there a point in time when we are on a downslope, where we get to a point in time where there is no return? We know that. Senator Sessions talked about it in terms of 90 percent of GDP, and how that has a depression. I made the point earlier. We saw a 1-percent increase in interest rates last year. We owe $12.8 trillion.
