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Public Statements

National Debt Hits $15 Trillion

Floor Speech

Location: Washington, DC

Mr. YODER. Mr. Speaker, yesterday was another landmark day in Washington's borrow-and-spend legacy. The national debt now stands at a staggering $15 trillion. This comes at a time when our economy is struggling, the unemployment rate is high, and Americans are tightening their belts and doing more with less. It remains clear that the Washington theory of borrowing and spending to create wealth and grow jobs simply is a fraud on the American people.

Both political parties know that this staggering debt is a cancer on the future of our Nation and something we can no longer ignore. I ask my colleagues to join together and save the future of this country, to stop the suffocating debt and spending. Let's pass a constitutional amendment that requires a balanced budget, that prohibits Congress from borrowing from the future, and let's pass a legacy of prosperity and wealth to the next generation.

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