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National Debt Hits $16 Trillion

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September 4 marked a grim milestone in America's debt crisis. The U.S. national debt surpassed $16 trillion while the debt-per-person is now over $50,000 for every man, woman and child.

"With no budget, how can we have spending reform?" asked Enzi. "A budget hasn't been passed in more than three years. The Senate majority and the President don't seem concerned with changing this deficiency."

Enzi said that time is running out to avoid a fiscal disaster. His Penny Plan would balance the budget in five years by cutting a single penny from every dollar the federal government spends for each of five years.

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