On the recordAugust 10, 2021
Mr. President, yesterday, the Democrats unveiled their reckless tax and spend budget plan. With our country experiencing the highest inflation it has seen in decades and our national debt approaching an alltime high, common sense would dictate that we ought to use the budget process to get our fiscal house in order. Instead, my Democrat colleagues are intent on using the budget to embark on a liberal wish list spending spree. My Democrat colleagues' budget calls for over $4 trillion in new spending over the next decade and annual deficits would average $1.6 trillion over that period. As a result, the national debt would reach 119 percent of our economy, shattering the World War II record of 106 percent. Much of this new spending, ballooning the debt and deficits, is the product of a single bill Democrats hope to pass before the end of the year under the guise of so-called ``human infrastructure.'' Infrastructure is popular and needed. It helps keep our economy competitive over the long run. That is why Democrat leaders initially wanted their multitrillion dollar wish list to ride along on an infrastructure package. That plan fell apart when a bipartisan group was able to agree on a separate bill with just real infrastructure. This new spending spree, far from being an infrastructure bill like the bipartisan bill, has nothing to do with building roads or bridges. Instead, it would create massive new entitlements and impose massive new tax increases.…





