It is absolutely imperative that Washington get its spending problem under control. Every American family has been forced to watch what they spend, and it is high time for Washington to do the same. Our bloated government continues to be a drag on economic growth, and has burdened every American with a $50,000 share of its debt, and rising. Today, China owns a staggering $1.16 trillion in United States debt. This path is simply unsustainable. Only when Congress implements a responsible and substantive plan to reduce our debt will the economy get back on track.