Sep 13, 2016
The national debt is one of the greatest threats to Americans’ well-being.
The $18 trillion federal debt drains the economy in the form of higher taxes and interest rates, creates uncertainty for businesses, crowds out private investment and threatens to increase inflation, a hidden tax on families.
One of the reasons it has been so easy to keep adding to the debt is because Congress budgets with rules that are rigged to support increased spending. For instance, Congress assumes that spending will go up every year, so if funding for a program remains the same, politicians call it a “cut.” It also spends and borrows hundreds of billions of dollars every year without even passing a budget.
Congress needs to pass budget rules that prevent this from happening. At the very least, it’s time for Congress to stop assuming that spending will increase every year.
Washington has to start using real accounting rules and require the House and Senate to introduce balanced budget plans.
Sep 13, 2016
Sep 09, 2016
Arlington, VA – Opposition to the Reid-Obama lame-duck spending plan continues to grow with Republican Study Committee Chair Bill Flores (R-Texas) indicating that it likely wouldn’t pass the House…Read More
Sep 08, 2016