Sen. Mitt Romney insisted on solving the climbing U.S. national debt urgently and backed his proposal of creating a commission to tackle this problem in his testimony at the House Budget Committee hearing on Wednesday.
His latest legislation, the Fiscal Stability Act, which was cosponsored by Sen. Joe Manchin, D-W.V., a close friend of Romney’s, would take on the national debt which now exceeds $33.8 trillion, more than double the amount it was a decade ago.
Manchin: “We must reverse this catastrophic financial demise of our own making before it is too late. We here in Congress have an obligation to get our finances in order so our children have the same shot at the American Dream that we did.”
Romney: “This is a decision we have, we’re either going to be known as a generation that took on tough challenges and solved them, or one that didn’t. We all lived in the shadow of the greatest generation.”
Read more about Romney's plan to tackle the national debt.
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