[Congressional Record Volume 155, Number 76 (Monday, May 18, 2009)]
[House]
[Page H5691]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                DEBT DAY

  (Ms. GINNY BROWN-WAITE of Florida asked and was given permission to 
address the House for 1 minute and to revise and extend her remarks.)
  Ms. GINNY BROWN-WAITE of Florida. Mr. Speaker, I rise because April 
26 was Debt Day.
  Debt Day is the day that the Federal Government runs out of revenue 
and starts paying for its reckless spending by borrowing more money. 
This means that all of the money spent by the Federal Government for 
the rest of the year will either be borrowed from other countries or, 
as the gentleman who preceded me here on this side of the aisle said, 
or borrowed from future generations.
  Deficits are nothing new in Washington. And it is not a one-party 
disease. However, American families and small businesses across the 
country are tightening their belts, and certainly Congress needs to do 
the same.
  Instead, the Obama administration offers a budget that doubles the 
national debt in 8 years, and by 2012, the American people will be 
paying $1 billion per day in net interest on that debt.
  The American people know that we cannot borrow and spend our way back 
to economic health. The path to economic recovery starts with fiscal 
responsibility.
  I believe that the Federal Government should follow the example set 
by our Nation's families and eliminate unneeded and excessive spending.

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