[Congressional Record Volume 142, Number 39 (Wednesday, March 20, 1996)]
[Senate]
[Page S2421]
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--more than $5 trillion of 
it. As of the close of business yesterday, March 19, 1996, the Federal 
debt stood at $5,058,839,098,883.55. On a per capita basis, every man, 
woman, and child in America owes $19,128.56 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 along with an amendment 
requiring the President and Congress to produce a balanced Federal 
budget--now.

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