Thank you, Mr. Chair.
My name is Derek Monson and I represent Sutherland Institute. We are here to testify in favor of SB 70 – Commission Relating to Federal Issues.
If you look at a recent study by the American Institute of CPAs, they reported that the federal government has outstanding debt and social insurance obligations of $61 trillion, compared to a total household net worth in the entire country of $58.5 trillion.
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