Sen. Warner: Federal Debt, Now $28.4 Trillion, Was ‘Too Much’ ‘10 Years Ago’

By Ashlianna Kreiner | August 12, 2021 | 11:49am EDT
Sen. Mark Warner (D-Va.)  (Getty Images)
Sen. Mark Warner (D-Va.) (Getty Images)

(CNS News) – When asked if the $28.4 trillion federal debt was too much, Senator Mark Warner (D-Va.) said, “It was too much when I started the Gang of Six Effort about 10 years ago.”

At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is now 28.4 trillion. Is that too much?”

Sen. Warner said, “It was too much when I started the Gang of Six Effort about 10 years ago.”

CNS News asked the follow-up question, “Is there any federal program or agency that you would eliminate to reduce the federal spending?”

The senator replied, “I think those ridiculous kind of sound-bite responses are the kind of irresponsibility got us in this place.”

According to the U.S. Treasury Department, the total public debt outstanding as of Aug. 9, 2021, was $28,427,651,083,061.54, or roughly $28.4 trillion.

The federal debt did not surpass $1 trillion until fiscal 1982. That fiscal year, according to the Treasury, the debt started at $997,855,000,000 and ended at $1,142,034,000,000.

(Getty Images)
(Getty Images)

Over the last 39 years, the debt has ballooned, from $1.1 trillion to $28.4 trillion. The federal debt did not surpass $1 trillion until fiscal 1982. That fiscal year, according to the Treasury, the debt started at $997,855,000,000 and ended at $1,142,034,000,000.

Over the last 39 years, the debt has ballooned, from $1.1 trillion to $28.4 trillion. In the 1994 Contract With America, conservative Republicans called for eliminating the Department of Commerce, Department of Energy, Department of Education, and the Department of Housing and Urban Development. 

In the federal government, in addition to the legislative, judicial, and executive branches, there are 15 departments, such as Defense, HHS, Commerce, and Education. Also, there are approximately 453 agencies

According to The Hill, “The federal government employs nearly 9.1 million workers, comprising nearly 6 percent of total employment in the United States. The figure includes nearly 2.1 million federal employees, 4.1 million contract employees, 1.2 million grant employees, 1.3 million active duty military personnel, and more than 500,000 postal service employees.” 

Transcript

CNSNews.com: “The debt of the federal government is now $28.4 trillion. Is that too much?”

Sen. Warner: “It was too much when I started the Gang of Six Effort about ten years ago.”

CNSNews.com: “All right, and is there any federal program or agency that you would eliminate to reduce the federal spending?”

Sen. Warner: “I think those ridiculous kind of sound-bite responses are the kind of irresponsibility got us in this place.”

MRC Store