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Public Statements

Debt and Overspending

Floor Speech

By:
Date:
Location: Washington, DC

Mr. HULTGREN. Madam Speaker, $52,653. A lot of numbers have been associated with our skyrocketing debt and government overspending, but $52,653 is a particularly striking one and should give everyone pause as the specter of an unwanted sequester looms over the Federal budget this week. $52,653 is the amount each individual American man, woman, and child owes as of today to pay off the country's $16.6 trillion debt.

Clearly, overspending by the Federal Government has saddled us and our children with unsustainable debt, And just as clearly, any alternative must include reduction in spending.

I'm not looking for winners or losers in D.C.; I want the American people to win when we make the cuts that need to be made. Controlling spending is a necessity. Targeted spending cuts, such as the House has twice proposed and passed, is vital to the sequestration solution.

There is nothing worse than passing on a legacy to our children of a lower standard of living. Madam Speaker, we can and must deal with this issue of debt and overspending so that our children will not have to face $52,653.


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