FOR IMMEDIATE RELEASE: November22, 2011
CONTACT: Genevieve Frye Rozansky
So Just How Broke Are We?
Mesa, Arizona – Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, today illustrated the size and scope of the growing national debt.
According to the American Farm Bureau Federation, the average cost of this year’s Thanksgiving Day dinner for 10 people will be $49.20, or $4.92 per person. The surveyed shopping list includes quantities of turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk sufficient to serve a family of 10.
The U.S. is so broke that based on the estimated cost per person of this year’s Thanksgiving dinner, our outlandish debt of $15 trillion could feed approximately 3.05 trillion people. That’s more than 448 times the entire world’s population.
“Congress needs to talk turkey about our nation’s fiscal woes – we can’t keep riding the gravy train,” 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.