U.S. Senator Tom Coburn, M.D. (R-OK), a member of the National Commission on Fiscal Responsibility and Reform, released the following statement today regarding the national debt reaching $13 trillion.
"Throughout history, excessive debt has led to the demise of great nations. This milestone should be a wake-up call for Congress. No one will bail out America if we continue to live beyond our means. Now is the time for Congress to cut wasteful Washington spending and preserve the heritage of service and sacrifice that made our country great," Dr. Coburn said.
In his oversight work, Dr. Coburn has identified more than $350 billion in wasteful spending that could be cut to help reduce the debt.