Jim Banks: “The former Chairman of the Joint Chiefs of Staff, Mike Mullen, called our national debt ``the single biggest threat to…”

“The former Chairman of the Joint Chiefs of Staff, Mike Mullen, called our national debt ``the single biggest threat to national security.'' Since then, we have added more than $7 trillion more in red ink. Our national debt today stands at $22 trillion, and it is only getting worse. The Congressional Budget Office is projecting trillion-dollar deficits in perpetuity. These deficits will leave future generations like my daughter's generation saddled with higher taxes, stagnant growth, and a lower standard of living. This is simply unacceptable. Thankfully, pro-growth policies implemented by President Trump and congressional Republicans have led to a booming economy with 3.2 percent GDP growth and unemployment below 4 percent. Our strong economy provides Congress a unique opportunity to tackle this problem, but bold leadership is required to do so. Unfortunately, it is clear that there will be no such leadership from the Democrats. The Democrats have failed to perform the most basic function of government, which is passing a budget. In fact, they have not even bothered to bring a budget to the floor for a vote. Why, you might ask?…”