FOR IMMEDIATE RELEASE: August 2, 2011
CONTACT: Genevieve Frye Rozansky
Mesa, Arizona – Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, today illustrated the size and scope of the growing national debt.
The Washington Times reports that Vice President Joe Biden collects rent from the Secret Service for use of a cottage on a property he owns in a Wilmington, Delaware suburb. The Secret Service pays the vice president $2,200 each month in rent.
The U.S. is so broke that Vice President Biden would have to rent his cottage to the Secret Service for 545.8 million years – long after he’s left office – to have the money to pay down our debt of more than $14.4 trillion.
“Biden’ our time clearly isn’t solving the debt problem,” said Flake.
Along with Senators McCain and Rubio, Congressman Flake introduced H.R. 634, the Debt Buy-Down Act, which allows taxpayers to designate up to 10 percent of their federal income tax liability to reduce the national debt. The bill then requires Congress to reduce federal spending by that amount. More information on the Debt Buy-Down Act can be found here.