[Congressional Record Volume 143, Number 5 (Wednesday, January 22, 1997)]
[Senate]
[Page S633]
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 running on 
borrowed money--more than $5 trillion of it. As of the close of 
business yesterday, Tuesday, January 21, the Federal debt stood at 
$5,310,267,076,516.85. On a per capita basis, every man, woman, and 
child in America owes $19,919.19 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.

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