Extension of Remarks·February 8, 2012·p. E164
Our Unconscionable National Debt
Mr. Speaker, on January 26, 1995, when the last attempt at a balanced budget amendment passed the House by a bipartisan vote of 300-132, the national debt was $4,801,405,175,294.28. Today, it is $15,343,504,866,785.66. We've added…
Mr. Speaker, on January 26, 1995, when the last attempt at a balanced budget amendment passed the House by a bipartisan vote of 300-132, the national debt was $4,801,405,175,294.28.
Today, it is $15,343,504,866,785.66. We've added $10,542,099,691,491.38 to our debt in 16 years. This is $10 trillion in debt our nation, our economy, and our children could have avoided with a balanced budget amendment.