[Congressional Record Volume 141, Number 204 (Tuesday, December 19, 1995)]
[Senate]
[Page S18917]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                         THE BAD DEBT BOXSCORE

  Mr. HELMS. Mr. President, the Federal Government is running on 
borrowed time, not to mention borrowed money--nearly $5 trillion of it. 
As of the close of business Monday, December 18, the Federal debt stood 
at $4,989,213,998,043.63. On a per capita basis, every man, woman, and 
child in America owes $18,939.14 as his or her share of the Federal 
debt.
  More than two centuries ago, the Continental Congress adopted the 
Declaration of Independence. It's time for Congress to adopt a 
Declaration of Economic Responsibilities and an amendment requiring the 
President and Congress to come up with a balanced Federal budget--
beginning right now.

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