It’s past time to restore fiscal sanity in America, and House Republicans are leading the charge to do so. As you might recall, on April 19^th, Speaker McCarthy released the Limit, Save, Grow Act of 2023, legislation that holds the imperatives of limiting excessive federal spending, saving hardworking taxpayers trillions of dollars, and growing our economy the right way. According to a recent estimate from the Congressional Budget Office (CBO), this bill would save the American people $4.8 trillion over the next decade. Back in 2010, then Senator Biden touted the CBO as the “gold standard” in an interview with Larry King. So, why now is President Biden adamantly refusing to support this legislation let alone come to the table and negotiate with Republicans?

While President Biden purposefully puts brinksmanship over bipartisanship, Republicans are putting the American people first. On Wednesday afternoon, we passed the Limit, Save, Grow Act and kept the promise we made. Specifically, this bill would:

• Reclaim unspent COVID funds.
• Nullify the administration’s radical student loan scheme.
• Lower energy costs and utilities.
• Uphold Congress’ rightful powers to check the executive branch.
• End the era of reckless Washington spending.

Speaking of ending reckless spending, House Republicans have also cut $200 million that was to be directed to a park in Nancy Pelosi’s district – an irresponsible expense that hardworking taxpayers would have been forced to shoulder if House Republicans did not intervene and investigate. Now, President Biden and the Democrat-controlled Senate are on the clock – they would do well to put aside their lethargic political attacks and work with us to solve our nation’s debt crisis. House Republicans have already demonstrated both leadership and fiscal stewardship in passing the Limit, Save, Grow Act - with a focus placed squarely on adhering to the Constitution - so why can’t the President and the Senate do the same? It’s time that they do their job and respect the will of the American people.

ICYMI: My Recent Conversation

Recently, I joined Axios business reporter Erica Pandey for a conversation focused on how the education and workforce development systems can be aligned better to equip our workforce with skills needed to be successful in a 21st century economy. A baccalaureate degree has never been required to be successful in this country. To this day, only 30 percent of the country has one. America should be moving back to a skills-based economy where an individual’s unique competencies and skills are paramount to success. To move away from the outdated American system that segregates people as either degree-holders or not, education needs to be adaptive and skills-based so that employees can learn as much on the jobsite as they do from inside a school building.

To watch the full event, click here.

Asking Important Questions

On Monday, I sent a letter to Department of Education Secretary Miguel Cardona questioning whether the Department is ready to restart student loan repayments. Below is a short excerpt:

“As you know, on March 20, 2020, the U.S. Department of Education’s (‘ED’) Federal Student Aid began ‘providing temporary relief on [ed]-managed [f]ederal student loans by allowing students to opt into a temporary suspension of loan payments and instituting a zero percent interest rate.’ The Coronavirus Aid, Relief, and Economic Security Act (‘CARES Act’) extended relief through September 30, 2020, and multiple extensions have been granted since that date. Not quite two years later, on August 24, 2022, the Biden administration announced its massive student debt relief plan which is now the subject of litigation in the U.S. Supreme Court.”

To read the full letter, click here.

Quote of The Week

“Ninety-nine percent of all failures come from people who have a habit of making excuses.”

-George Washington Carver

Have a blessed weekend,