The U.S. national debt recently surpassed $34 trillion.
$34,000,000,000,000!
To put this astronomical figure in perspective, that’s about $100,000 per American.
Additionally, $34 trillion is approximately the value of China, Germany, Japan, India, and the United Kingdom’s economies combined.
Undoubtedly, the greatest threat to America’s future is our soaring national debt, which continues to climb higher by the second. In fact, this sum swells at such an alarming rate that the U.S. accumulated more than $2 trillion in just the last seven months.
Folks, this is simply unsustainable. To save our nation, economy, and future generations from financial failure, Washington must stop spending borrowed money. Yet politicians in both parties are perfectly content with maintaining the status quo.
As you know, part of government funding is set to expire on Friday, January 19th — placing Congress in the midst of another funding fight. Lawmakers are considering both topline spending for Fiscal Year 2024 (FY24) and legislation to avert a government shutdown.
Unfortunately, neither issue is being managed in a conservative, fiscally responsible manner.
The sham bipartisan spending deal increases government spending by roughly $82 billion over the combined total of House Republicans’ proposed appropriations bills for FY24. In total, FY24 spending by government agencies, known as programmatic spending, is more than $68 billion higher than the already high statutory cap set last year by the “Fiscal Responsibility Act.” Plus, since Republican leadership abandoned critical leverage during negotiations, there are zero conservative policy wins in this deal.
As for avoiding a government shutdown, congressional leaders are pushing another short-term spending bill, known as a continuing resolution (CR), to simply kick the can of government funding down the road. Despite already pushing funding deadlines for FY24 spending bills twice, leaders are gearing up to pass yet another CR to extend current funding to early March. I strongly oppose this “clean” CR that merely pushes our responsibility to fund the government back a few weeks, as this simply buys Speaker Johnson and Senate Leader Schumer more time to iron out spending bills to match their out-of-control spending levels. At minimum, House Republicans must use this opportunity to force the Senate to consider single-subject spending bills that the House already passed last year, as well as H.R. 2, the Secure the Border Act, to address the ongoing invasion at our southern border.Â
Bottom line, you and your family didn’t send me to Congress to rubberstamp the Swamp’s status quo spending.
Given our dire economic outlook, Washington must drastically reverse course by passing a balanced budget, cutting wasteful spending, and practicing financial discipline. Please know that as the funding battle continues, I remain strongly opposed to any “solution” that fails to prioritize fiscal responsibility or secure the southern border, and I will continue fighting with my conservative colleagues to get our nation’s fiscal house in order.