National Debt Passes $18 Trillion, Stewart Urges House Colleagues to Act
Washington, D.C. – With the national debt now surpassing $18 Trillion — over $153,000 of debt per American taxpayer — Rep. Chris Stewart (R–Utah) delivered a speech on the House Floor, urging his congressional colleagues to help restore fiscal responsibility by reforming the tax code, balancing the budget, reforming entitlement spending, and holding the president and his federal agencies accountable for taxpayer’s money.
“Now is the time to restore fiscal sanity,” Stewart said. “We must reclaim that moral and fiscal discipline which created the American Dream so many years ago. We must undergo real tax reform, reign in entitlement spending, balance our budgets and hold the President and his federal agencies accountable for the people’s money. I urge my colleagues to join me in this fight to restore fiscal stability."
The video of the speech can be found HERE.
The full text of the speech is below:
"I am discouraged to stand here and announce a milestone that we reached recently, a very discouraging milestone. Our nation has now surpassed $18 Trillion in debt. And if you want to know how much money that is, take every American taxpayer from the young man who just got his first job, to every mother and father who are struggling to take care of their families and give them a bill of more than $150,000."
"It’s simply unsustainable. If we continue down this current path, we will commit fiscal national suicide through our spending and our debt."
"Remember that a nation that is bankrupt cannot provide for the security of its people. A nation that is bankrupt cannot provide for the needy among them. A nation that is bankrupt cannot provide for the children of the next generation. Now is the time to restore fiscal sanity."
"We must have the courage to reclaim the American Dream. We must undergo real tax reform, entitlement reform and balance our budgets. We must have the courage to make these a reality."
"We can fix this, and we must fix this. I hope we will have the courage to do this, even if it is hard. And with that Mr. Speaker, I yield back."