Congressman Tim Moore Raises Concerns Over National Debt, Calls for Bipartisan Fiscal Commission During Field Hearing

WASHINGTON, D.C. - During the House Budget Committee field hearing in Dallas, Texas, Congressman Tim Moore (NC-14) raised concerns about how the national debt is affecting North Carolina families and called for the establishment of a bipartisan fiscal commission to address this issue.

“[We need to make sure] that folks back home in our district understand how important this is,” said Congressman Moore. “Do you realize we're spending over $1 trillion a year in interest? That's more than we fund our military...The average family [pays]...a little over $500 [more] a month...in interest on a house payment because of [the national debt and inflation].”

During the hearing, "America's Fiscal Future: Examining the Need for a Fiscal Commission," the committee heard from several witnesses including former Defense Secretary Leon Panetta, former Sen. Joe Manchin III of West Virginia, and former Sen. Rob Portman of Ohio.

Watch Congressman Moore's full remarks here.