[Congressional Record (Bound Edition), Volume 158 (2012), Part 1]
[House]
[Page 100]
[From the U.S. Government Publishing Office, www.gpo.gov]




               NATIONAL DEBT THREATENS NATIONAL SECURITY

  (Mr. CRAVAACK asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CRAVAACK. Mr. Speaker, I rise today in regards to our most 
pressing threat to our national security--our staggering and ever-
increasing national debt.
  The message from my constituents in Minnesota's Eighth Congressional 
District is loud and clear: We cannot continue to saddle the soaring 
debt onto the backs of our children and our grandchildren. This is 
irresponsible, and quite frankly unacceptable.
  Mr. Speaker, this epidemic is the reason that I jumped into this 
fight. Our national debt will increase to over $23 trillion in the next 
10 years. Currently, our debt is now over $15.2 trillion; 47 percent of 
that debt is foreign owned; 30 percent is owned by China.
  It is past time to alter course, Mr. Speaker, or this generation will 
be the first generation of this great Nation to leave our children less 
well off.

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