Congress finds the following:
(1)
The debt of the United States is over 28 trillion dollars and continues to rise.
(2)
The continued increase in our debt could cause our debt to be downgraded increasing the cost of borrowing money and bankrupting our country.
(3)
Congress must tighten its fiscal belt to ease the burden of the increasing debt level on United States taxpayers.
(4)
The Federal Government has a responsibility to the taxpayers to make sacrifices in other areas.
(5)
Federal funds that otherwise would be spent on new construction or leasing of Federal buildings would be better spent helping the people of the United States by paying down the Nation’s debt.