MYTH: This bill would cut funding for national security, veterans, and food assistance for seniors.
FACT: The Limit, Save, Grow Act implements two commonsense restrictions on runaway spending. It would simply return overall discretionary spending to FY 2022 and allow for 1% growth annually as suggested by Senator Joe Manchin (D-WV). Remember, FY 2022 ended just seven months ago.
The bill’s caps do not in any way require any particular discretionary program or account to be reduced. Instead, it would require Congress to do its job to debate and prioritize funding within the bill’s capped discretionary levels. As argued by House Appropriations Chairwoman and RSC Member Kay Granger (R-TX), “My priorities for this year’s bills have not changed. We will provide for our national defense, take care of veterans, and secure our border – all while reducing overall spending.”
Biden and Democrats are simply trying to distract from the fact there is an abundance of wasteful spending in the discretionary budget. For instance, the most recent omnibus funding bill included funding for woke projects such as $1.2 million for LGBTQIA+ Pride Centers, $3.6 million for the Michelle Obama Trail in Georgia, and $2 million for an anti-police AFL union affiliate.
MYTH: This bill would slash education funding.
FACT: The Limit, Save, Grow Act would prevent President Biden’s illegal and regressive student loan actions. Especially during times of economic uncertainty and inflation, taxpayers should not be expected to pay for someone else’s degree. The Biden Administration is specifically seeking to implement a student loan bailout which is expected to cost $400 billion and an income driven repayment (IDR) plan which is expected to cost taxpayers $230 billion, respectively. Biden’s policies fail to lower exorbitant higher education costs and will risk worsening inflation. Moreover, Biden’s student loan bailout will make attending college more expensive. His bailout would eventually increase college tuition rate inflation, which will raise the amount of debt that future students would need to borrow.
MYTH: This Limit, Save, Grow Act is a wish list of radical proposals.
FACT: Many of the proposals in this bill are based on longstanding bi-partisan policies.
- Discretionary spending caps were first enacted in 1990 in the Budget Enforcement Act (BEA) and extended multiple times on a bipartisan basis. About 20 years later, the Budget Control Act (BCA) enacted another set of budget caps. These passed Congress on a bipartisan basis, and were signed into law in 2011 by President Obama. The bill’s proposal to limit spending to 1 percent growth annually was suggested by Democrat Senator Joe Manchin.
- H.R. 1, the Lower Energy Costs Act, was passed by the House in March with bipartisan support.
The REINS Act, which would allow for Congress to curb excessive regulation has passed the House on a bi-partisan basis four times (2011, 2013, 2015, and 2017 ).
The work requirements implemented under this legislation are similar to the 1996
welfare reforms enacted under President Bill Clinton.
The Limit, Save, Grow Act is the one and only bill that has been passed this Congress to raise the debt ceiling. Senate Majority Leader Schumer and Senate Democrats have not even introduced a bill raising the debt limit. Who is being radical?
The bill would rescind unspent COVID funds. The COVID pandemic is over, so why should we continue to shovel unspent COVID funds out the door for supposedly COVID-related purposes?
According to a survey conducted last year, “[n]early two‐thirds of Americans oppose cancellation if forgiving $10,000 per borrower raises their taxes (64%) or if it primarily benefits higher income people (68%) ... About three‐fourths of Americans would oppose student debt cancellation if it caused universities to raise their tuition and fees (76%) or if it caused more employers to require college degrees even if not needed to do the job (71%), also known as ‘credential inflation.’”
Americans oppose Biden’s IRS army. In January 2023, one poll found that 60% of Americans wanted Congress to prevent the hiring of President Biden’s additional 87,000 IRS agents.