ATLANTA, GA – U.S. Senator-elect David Perdue released the following statement about the national debt exceeding $18 trillion:
“It’s downright shameful that our national debt has gotten this out of hand. We have a full blown crisis because Washington is addicted to spending, and it’s hurting the country. Washington’s failure to address our debt will have dire consequences for our economy and our families. We have a national debt that is larger than our GDP, and our kids and grandkids will be fiscally handcuffed in the future. Not only is our rising debt dangerous for our economy, it hurts our national security. Nations like China own trillions of dollars of our debt, and perpetually borrowing from them only makes us more vulnerable.
“It’s tragic that Washington has allowed our debt to spiral out of control, and we must take steps to tackle it head on. I believe that we must pass a Balanced Budget Amendment, so that Congress works together to make sure we don’t spend more than we take in. Another commonsense place to start is to eliminate the billions of dollars wasted on redundant agencies and programs within the federal government. For the sake of our national security and economic strength, I will work with my Senate colleagues in the new Congress to reduce our national debt and grow our economy through responsible reforms.”