Florida Senate - 2012 COMMITTEE AMENDMENT Bill No. SM 1142 Barcode 446810 LEGISLATIVE ACTION Senate . House Comm: RCS . 01/19/2012 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Judiciary (Richter) recommended the following: 1 Senate Amendment 2 3 In title, delete lines 10 - 21 4 and insert: 5 6 WHEREAS, as of December 30, 2011, the national debt was 7 more than $15.2 trillion, a cost of more than $48,500 for each 8 man, woman, and child in the United States, and it is growing at 9 an alarming rate, and 10 WHEREAS, for the 2011 fiscal year, the Congressional Budget 11 Office reports a federal budget deficit of $1.3 trillion, or a 12 national deficit equal to nearly 10 percent of the country’s 13 entire economic output, the third-largest share of entire 14 economic output this country has experienced since 1945, and 15 WHEREAS, the total national debt outstanding exceeds the 16 current gross domestic product of the United States, as of 17 January 2012, and