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Our National Debt

Floor Speech

Date: Sept. 26, 2023
Location: Washington, DC

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Mr. JOYCE of Pennsylvania. Mr. Speaker, last week our national debt reached a record $33 trillion. During the next 30 years, the interest payments alone on this debt will become the Federal Government's single largest expenditure.

Now more than ever, we need to address the runaway spending that has created this debt crisis while sending inflation skyrocketing and costing American families an extra $10,000 a year.

Pennsylvanians cannot afford business as usual from Washington. It is time to put an end to the wasteful spending in our budget. It is time to stop the inflation that has driven up the prices of gas and groceries. It is time to rein in the runaway spending and once again pass a budget that is truly worthy of the American people.

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