[Congressional Record Volume 142, Number 81 (Wednesday, June 5, 1996)]
[Senate]
[Pages S5852-S5853]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       THE VERY BAD DEBT BOXSCORE

  Mr. HELMS. Mr. President, the Federal Government is existing on 
borrowed money--more than $5 trillion of it. As of the close of 
business yesterday, June 4, 1996, the Federal debt stood at 
$5,139,963,594,008.65. On a per capita basis, every man, woman, and 
child in America owes $19,395.97 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--
now.

[[Page S5853]]



                      MESSAGES FROM THE PRESIDENT

  Messages from the President of the United States were communicated to 
the Senate by Mr. Thomas, one of his secretaries.


                      executive messages referred

  As in executive session the Presiding Officer laid before the Senate 
messages from the President of the United States submitting one 
nomination which were referred to the Committee on Armed Services.
  (The nomination received today is printed at the end of the Senate 
proceedings.)

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