I come to the floor today as a Member of the Senate--specifically, though, as a Senator from Wyoming because in Wyoming our families know they have to live within their means. Wyoming is a State that lives within its means. In Wyoming, our very constitution requires that our State live within its means. Washington has a total debt now that is over $14 trillion and continues to climb every day. Wyoming's total debt is zero. How did Washington fail where Wyoming succeeded? Well, in Washington, this city overspends in Washington there is nothing really to stop it. In Wyoming, we live within our means because our constitution demands that we balance our budget every year. It is time for Washington to take a lesson from Wyoming and the other States that balance their budgets every year. The President says, ``All of us agree that we should use this opportunity to do something meaningful on debt and deficits.'' Well, passing a balanced budget amendment to the Constitution is possibly the most meaningful thing we could do. This city's finances are in disarray. Our Nation's finances are in disarray. It has been over 800 days since this body has passed a budget resolution. Since the last time a full budget was passed, our country has spent over $7 trillion, and $3.2 trillion of that was money we did not have. Our total debt now is over $14 trillion. People say: How much money is that? The number is astonishingly large. Let's try to put it a little bit into perspective.…
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