[Congressional Record Volume 140, Number 69 (Tuesday, June 7, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 7, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
              IRRESPONSIBLE CONGRESS? TAKE A LOOK AT THIS

  Mr. HELMS. Mr. President, the incredibly enormous Federal debt is 
like the weather--everybody talks about the weather but nobody does 
anything about it. And Congress talks a good game about bringing 
Federal deficits and the Federal debt under control, but there are too 
many Senators and Members of the House of Representatives who 
unfailingly find all sorts of excuses for voting to defeat proposals 
for a constitutional amendment to require a balanced Federal budget.
  As of Monday, June 6 at the close of business, the Federal debt 
stood--down to the penny--at exactly $4,605,340,458,317.52. This debt, 
mind you, was run up by the Congress of the United States, because the 
big-spending bureaucrats in the executive branch of the U.S. Government 
cannot spend a dime that has not first been authorized and appropriated 
by the U.S. Congress. The U.S. Constitution is quite specific about 
that, as every school boy is supposed to know.
  And pay no attention to the nonsense from politicians that the 
Federal debt was run by one President or another, depending on party 
affiliation. Sometimes they say Ronald Reagan ran it up; sometimes they 
say George Bush. I have even heard that Jimmy Carter helped run it up. 
All three suggestions are wrong. They are false because the Congress of 
the United States is the villain.
  Most people cannot conceive of a billion of anything, let alone a 
trillion. It may provide a bit of perspective to bear in mind that a 
billion seconds ago, Mr. President, the Cuban missile crisis was going 
on. A billion minutes ago, not many years had elapsed since Christ was 
crucified.
  That sort of puts it in perspective, does it not, that Congress has 
run up a Federal debt of 4,605 of those billions--of dollars. In other 
words, the Federal debt, as I said earlier, stands today at 
$4,605,340,458,317.52.

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