[Congressional Record Volume 164, Number 94 (Thursday, June 7, 2018)]
[House]
[Page H4859]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
NATIONAL DEBT IS A SECURITY THREAT
(Mr. BIGGS asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. BIGGS. Mr. Speaker, last September, America's national debt
topped $20 trillion for the first time in history.
Almost 3 months ago, the debt exceeded $21 trillion, and we have an
annual structural deficit in the hundreds of billions of dollars.
Mr. Speaker, the United States faces no greater menace than our
inability to eliminate our debt and balance our budget. Our
grandchildren will pay the price for our dereliction of duty and our
seniors will soon see Social Security and Medicare funds depleted.
This internal, bipartisan recklessness endangers all Americans.
It is past time for us to become serious about balancing our budget
and making significant cuts to Federal spending. If we do not change
our course, we will one day see the crash of the American economy and
the demise of a super power.
Mr. Speaker, let's change our course before our debt reaches $22
trillion. The time for conversation is over. The time to act is now.
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