Congressman Tom Price (R-GA) issued the following statement after the National Debt topped $13 trillion ($13,000,000,000,000) according to the Treasury Department’s official data.

“Washington’s reckless spending reached a frightening milestone this week,” said Congressman Price. “At a rate of one dollar per second, it would take you about 412,000 years to rack up $13 trillion in debt. The federal government robbed that much from future taxpayers in just a fraction of the time. This explosion of debt has recently skyrocketed under the Democrats’ failed guidance, and it threatens to destroy any hope of sustained job creation and economic growth. Preventing America’s impending bankruptcy without sinking the economy even further will require much stronger leadership than the President and his party are currently providing. Democrats have no budget for next year and no idea how to avoid this disaster.

“$13 trillion in debt is a serious problem, and Republicans are offering the serious solutions necessary to fix it. The RSC has proposed a balanced budget for the next decade that would improve our fiscal outlook every year and lead to surpluses in the future. We must commit ourselves to cutting spending and reducing this debt if we hope to pass on a strong America to our children.”

Note: The RSC has introduced a balanced budget plan (H.Con.Res. 281) that achieves surpluses in 2019 and 2020, and improves the budget outlook in every single year.