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Congressman Flake: So Just How Broke Are We?

Press Release

Location: Washington, DC

Republican Congressman Jeff Flake, who represents Arizona's Sixth District, today illustrated the size and scope of the growing national debt.

Apple, Inc. reported that orders for the newly debuted iPhone 5 exceeded 2 million in the initial 24 hours that the phone was available for purchase.

The U.S. is so broke that based on the $199 price for the 16 gigabyte iPhone 5 model, Apple would have to sell about 80.4 billion iPhones in order to pay down our crippling debt of $16 trillion.

"It doesn't take a Genius Bar to realize Congress needs to get Siri-ous about the debt," said Flake.

Along with Senators McCain and Rubio, Congressman Flake introduced in the 112th Congress the Debt Buy-Down Act, which allows taxpayers to designate up to 10 percent of their federal income tax liability to reduce the national debt.

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