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Stefanik: Biden missing in action on debt ceiling; Arrington: Biden unbridled spending spree
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Stefanik: Biden missing in action on debt ceiling, even Dems demanding Biden negotiations
On 4/26/2023, on House Republicans’ Limit, Save and Grow Act, Rep. Stefanik said, "President Biden has been missing in action on the debt ceiling, refusing to negotiate and putting our economy and the livelihoods of hard-working American families at risk. Even House Democrats are demanding that President Biden enter debt ceiling negotiations with Speaker McCarthy. House Republicans will pass a sensible debt ceiling solution that limits Washington's irresponsible spending, saves taxpayer dollars, and grows the American economy. President Biden must work with us, who represent the American people, to address our nation's spending and debt crisis first."
On 4/26/2023, Republican Conference Chair Elise Stefanik (R-N.Y.), joined House Majority Leader Steve Scalise (R-La.), Republican Whip Tom Emmer (R-Minn.), House Budget Committee Chairman Jodey Arrington (R-Texas), Congresswoman Young Kim (R-CA), and Congresswoman Michelle Steel (R-CA) at a press conference to discuss House Republicans’ plan to address the looming debt limit crisis. Leader Scalise called for President Biden to finally come to the negotiating table and outlined how commonsense measures included in the plan, such as work requirements, will bolster critical programs like Social Security that suffered under the reckless policies of the Biden Administration.
Rep. Arrington: This Is Where the Reckless Spending Stops
Arrington: Biden unbridled spending spree: record inflation, soaring interest rates, recessionary brink of a catastrophic debt crisis
"Over the last two years, President Biden has financed his radical agenda and vast expansion of the federal government with an unprecedented $10 trillion in spending, six trillion of which has been added to our national debt. The highest level of deficit spending in the history of America. This unbridled spending spree has resulted in sustained record inflation, soaring interest rates, an economy in a recessionary tailspin, and a nation on the brink of a catastrophic debt crisis.
Arrington: fiscal state of the nation is bleak
Mr. Speaker, the fiscal state of the nation is bleak. Our national debt is unsustainable, and the outlook grows more uncertain every day. For a hundred years, the debt ceiling has served as a check on our accumulating debt and its impact on the financial health of our nation. No responsible leader can look at the rapid deterioration of our balance sheet and the unsustainability of our deficit spending and stand idly by defending the status quo. Friends, this isn't a Republican problem, it's not a Democrat problem, it's America's problem, and it's a mathematical reality that requires real leadership from both sides of the aisle before it's too late.
Arrington: bill reduce deficit spending, save taxpayers $4.8T
Our plan will reduce deficit spending, save taxpayers $4.8 trillion, and begin extinguishing the flames of our current cost of living crisis. First, we limit federal spending by reining in and right-sizing the federal bureaucracy. Our bill will reduce FY24 discretionary spending levels by nine percent, $130 billion, returning us to the same spending levels we were operating under just four months ago. Going forward, we will cap the growth of discretionary spending by one percent annually over the next 10 years, reducing wasteful Washington spending by over three trillion dollars. Mr. Speaker, put simply, this bill would require Washington to do what every American has been forced to do as a result of Biden's spending-induced inflation: tighten our belts and change our spending habits.
Arrington: defund 87K IRS agents, student loan bailout, work requirements for able-bodied adults
defunding the president's army of 87,000 IRS agents, repealing special interest tax breaks for the largest green energy corporations, and rescinding President Biden's unconstitutional student loan bailout. Third, this legislation will grow the economy by returning to pro-work, pro-growth, pro-energy policies that will unleash American prosperity once again. It stops the assault on U.S energy production and restores American energy dominance. It reigns in Biden's unprecedented barrage of regulations, and it breaks the cycle of poverty and government dependence for generations of Americans by restoring common-sense Clinton-era work requirements for able-bodied adults.
Stefanik: Biden missing in action on debt ceiling; Arrington: Biden unbridled spending spree
On 4/26/2023, on House Republicans’ Limit, Save and Grow Act, Rep. Stefanik said, "President Biden has been missing in action on the debt ceiling, refusing to negotiate and putting our economy and the livelihoods of hard-working American families at risk. Even House Democrats are demanding that President Biden enter debt ceiling negotiations with Speaker McCarthy. House Republicans will pass a sensible debt ceiling solution that limits Washington's irresponsible spending, saves taxpayer dollars, and grows the American economy. President Biden must work with us, who represent the American people, to address our nation's spending and debt crisis first."
On 4/26/2023, Republican Conference Chair Elise Stefanik (R-N.Y.), joined House Majority Leader Steve Scalise (R-La.), Republican Whip Tom Emmer (R-Minn.), House Budget Committee Chairman Jodey Arrington (R-Texas), Congresswoman Young Kim (R-CA), and Congresswoman Michelle Steel (R-CA) at a press conference to discuss House Republicans’ plan to address the looming debt limit crisis. Leader Scalise called for President Biden to finally come to the negotiating table and outlined how commonsense measures included in the plan, such as work requirements, will bolster critical programs like Social Security that suffered under the reckless policies of the Biden Administration.
Rep. Arrington: This Is Where the Reckless Spending Stops
Arrington: Biden unbridled spending spree: record inflation, soaring interest rates, recessionary brink of a catastrophic debt crisis
"Over the last two years, President Biden has financed his radical agenda and vast expansion of the federal government with an unprecedented $10 trillion in spending, six trillion of which has been added to our national debt. The highest level of deficit spending in the history of America. This unbridled spending spree has resulted in sustained record inflation, soaring interest rates, an economy in a recessionary tailspin, and a nation on the brink of a catastrophic debt crisis.
Arrington: fiscal state of the nation is bleak
Mr. Speaker, the fiscal state of the nation is bleak. Our national debt is unsustainable, and the outlook grows more uncertain every day. For a hundred years, the debt ceiling has served as a check on our accumulating debt and its impact on the financial health of our nation. No responsible leader can look at the rapid deterioration of our balance sheet and the unsustainability of our deficit spending and stand idly by defending the status quo. Friends, this isn't a Republican problem, it's not a Democrat problem, it's America's problem, and it's a mathematical reality that requires real leadership from both sides of the aisle before it's too late.
Arrington: bill reduce deficit spending, save taxpayers $4.8T
Our plan will reduce deficit spending, save taxpayers $4.8 trillion, and begin extinguishing the flames of our current cost of living crisis. First, we limit federal spending by reining in and right-sizing the federal bureaucracy. Our bill will reduce FY24 discretionary spending levels by nine percent, $130 billion, returning us to the same spending levels we were operating under just four months ago. Going forward, we will cap the growth of discretionary spending by one percent annually over the next 10 years, reducing wasteful Washington spending by over three trillion dollars. Mr. Speaker, put simply, this bill would require Washington to do what every American has been forced to do as a result of Biden's spending-induced inflation: tighten our belts and change our spending habits.
Arrington: defund 87K IRS agents, student loan bailout, work requirements for able-bodied adults
defunding the president's army of 87,000 IRS agents, repealing special interest tax breaks for the largest green energy corporations, and rescinding President Biden's unconstitutional student loan bailout. Third, this legislation will grow the economy by returning to pro-work, pro-growth, pro-energy policies that will unleash American prosperity once again. It stops the assault on U.S energy production and restores American energy dominance. It reigns in Biden's unprecedented barrage of regulations, and it breaks the cycle of poverty and government dependence for generations of Americans by restoring common-sense Clinton-era work requirements for able-bodied adults.
Stefanik: Biden missing in action on debt ceiling; Arrington: Biden unbridled spending spree
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