On the recordMarch 11, 2025
Last week, President Trump came in this Chamber and said he was going to balance the budget immediately. I will just go over some facts, not politically speaking, just facts. We have got a $36 trillion debt. That is where we stand. Currently, we are running a $1.8 trillion deficit. If you were to balance the budget, that would be zero and we should stay at a $36 trillion debt. What does President Trump do with the Republicans? What is their budget? Their budget actually is going to add $28 trillion of debt over the next 10 years. Here is the kicker. It is not just that they aren't balancing it to keep it at $36 trillion; it is that they are adding more debt by adding to the deficits more than the current deficits. The current deficit projection would add $23.9 trillion of debt, but the Republicans want to add $28.5 trillion of debt, $4.6 trillion more of debt spending than the current deficit spending. I just ask for some math. You want to deficit spend to have tax breaks for the wealthy because you think that will help the economy, fine, but every American should look at this chart because the Republican budget is making the deficit and the debt worse. It is not balancing the budget. Now I will speak about my second chart. Madam Speaker, many of us want to cut waste, fraud, and abuse from government, so where should we look first? Well, how about the Pentagon, which has 13 percent of the Federal budget. Mr.…
Source
govinfo.gov




