Here is a speech by Rep. James Traficant, Jr. (Ohio) addressing the House on March 17, 1993:
"Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. .....
http://www.gemworld.com/USA-Traficant.html
This
has to be understood before any discussion of budgets etc. can begin.