I came to Washington to fight for the values that make our country unique – for the economic freedom that gives life to the American Dream.
National Debt:
Over the past 365 days, the total national debt has increased by $3.14 trillion. Debt held by the public has increased by $2.84 trillion over the same period (March 27 2023 – March 26 2024), while intragovernmental debt has grown by $292.0 billion.
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The federal government will pay over $1 trillion just in interest on the debt this fiscal year.
As I repeatedly warn about on the House Floor each week, the debt death spiral is rapidly approaching.
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America’s debt ‘death spiral’ gives us $1 trillion reasons to act now
www.foxnews.com
America’s debt crisis continues to move into dangerous territory. The Treasury is on track to pay $1 trillion in debt service as the federal budget approaches a debt ‘death spiral.’6 CommentsComment on Facebook
No one's confused about the debt, and those older people who turn out and vote don't like your solutions. Remember you added over $8T to the debt, and do better.
I guess you have a short memory on how responsible you were in handling the American debt 'death spiral'. I think there is an apt term, "Practice What You Preach!" 1. The budget deficit in 2016 was $585 billion, and in 2020 it was $1.1 trillion. Can you explain the reasons how this budget deficit doubled in just four years and how it aligns with your policy decisions? 2. The reasons behind your position to support the Tax Cuts and Jobs Act (TCJA) passed in 2017 and its impact on the budget deficit. The TCJA reduced taxes by $1.5 trillion over 10 years, which largely contributed to the increase in the budget deficit. Why did you support the TCJA, which was signed into law by President Trump in December 2017. The bill reduced taxes by cutting corporate taxes and temporarily reducing individual income taxes. You argued that the bill would stimulate economic growth, create jobs, and increase wages for Americans. However, critics argued that the bill would mainly benefit wealthy individuals and corporations, increase the national debt, and widen income inequality. 3. Your position on how to fund the Bipartisan Budget Acts (BBAs) of 2018 and 2019 and their impact on the budget deficit. The BBAs increased spending by $1.2 trillion over 2 years, which also contributed to the growing budget deficit. I can understand why you supported this bill, as the BBAs were designed to avoid a government shutdown and provide temporary relief from the spending caps imposed by the Budget Control Act of 2011, however what revenue bills did you propose to create $1.2 trillion dollars to pay for this bill as part of your economic visions? 4. You supported the COVID-19 pandemic relief packages and their impact on the budget deficit. The pandemic relief packages have cost over $2 trillion, which has significantly increased the budget deficit. How do you plan to address the long-term impact on the budget deficit? 5. What bills if any did you introduce or support to increase funding the IRS to address taxation fraud? The government has lost $4.28 trillion dollars over a decade due to income tax fraud. One out of every six Americans fail to report their income correctly and, at the same time, some bills were introduced to reduce spending for IRS auditing. 6. Your views on addressing the national debt and reducing the budget deficit in the future. With the national debt now over $23 trillion, I agree with you that it's imperative to address this issue. Have you considered the highly controversial idea of opening, rather than closing the border, even though there is growing opposition to illegal and even legal immigration. Consider that immigrants start businesses at twice the rate of native-born U.S. citizens. Opening the borders to willing workers and would-be entrepreneurs from all over the world would accelerate the creation of businesses that pay the taxes that are desperately needed to reduce the national debt. A faster-growing population fueled by immigration could also create more demand for everything from housing to cars to dishwashers. This could result in a stronger economy that can help pay down the debt. Importantly, more individual wage earners would help finance Social Security and other safety-net programs for decades to come.
David is right! This is a huge problem. Vote out Rep. David Schweikert in Arizona district 1. He is a big reason for this debt and the constant chaos in Congress! ~Constituent
Our national debt commitments come when you, me, all of Wall Street, and the Chinese government buy Treasury bonds and bills. If the debt appalls you so much then stop buying them. And stop everyone else from buying them. Economyanswers.org
He is right Just like Eli say's. Vote Blue Chaos Crane - click to watch Republican Congressman Eli Crane offered up some great advice for American voters as we head into election season: Stop voting for Republicans! That may sound weird coming from a sitting Republican lawmaker, but that doesn't mean that it isn't good advice, even if Crane was giving it for the wrong reasons. Crane was so fed up with his own Party for NOT shutting down the government, that he urged voters to "stop sending" Republicans to Congress. www.youtube.com/watch?v=exm2OYgs69U
You caused to problem with un-paid for tax cuts for you rich buddies. Quit whining and fix it.
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