Requirement in Budget Submission With Respect to the Cost Per Taxpayer of the Deficitby Representative Diane Black
Posted on 2013-03-05
BLACK. Mr. Speaker, I thank the gentleman for yielding.
I rise today to speak in support of Congressman Messer's bill, H.R. 668. This requirement would be a powerful reminder to the President and Congress on how the decisions regarding our government's spending impact the constituents that we serve.
Despite the fact that on the President's watch we have had 4 straight years of deficits exceeding $1 trillion and we still have nearly 23 million Americans who are struggling to find work, the President continues to champion more and more deficit spending as a cure to what ails our struggling economy.
But spending money we do not have is not an investment. It's a liability that limits the potential and the freedom of the American people and future generations. Every man, woman, and child in America currently owes $52,000 as their share of the national debt. It's time that the President and Congress level with the public about the burden of debt that's being placed on the American taxpayer each and every year.