Jones sees debt as national threat
By Wes Wolfe
Jan. 29, 2016 at 12:01 AM
By any measure, $18.8 trillion is a lot of cash.
That was the level of the national debt subject to statutory limit according to the U.S. Department of the Treasury at the end of 2015.
U.S. Rep. Walter B. Jones said in a brief visit to Snow Hill on Thursday that the debt — its size and its growth — presents a significant threat to the American economy.
“Here we are, 15 years later, and the debt is almost $19 trillion,” Jones said. “It will not be long before it becomes a chaotic country, because people will stop buying our debt, like China, Japan and these other countries. So, I, along with other Republicans, as well as a few Democrats,