before we broke for the August recess, I came to the Senate floor to sound the alarm on our rising national debt and unsustainable fiscal trajectory. Today, I am here to continue this discussion and remind this body of the dangers we face if we do not change course. In fact, just last week, the Congressional Budget Office announced that our Federal deficit this year alone has already surpassed $2 trillion. If that holds, it will be the third largest deficit accrued in a single fiscal year in U.S. history, behind only the first 2 years of the COVID pandemic. To further put it into perspective, this debt has grown by $700 billion in just the 6 weeks since I spoke about this issue on the floor. That trajectory is incredibly alarming. So, in this case, time is money, and time is running out. And as we approach our next government funding deadline, it is important that we look back on how we got to this point and what we can do about it.
Editor's note · Context
Addressing the rising national debt and federal deficit during Senate floor debate.
Share
More from Gary Peters
I’m also proud that fire departments across the Bay Region have been able to use grant programs I fought for to purchase critical safety equipment that helps keep first responders safe when they go into harm’s way.
They have fired, pushed out and cut funding for public health personnel, shrinking the CDC workforce by a quarter.
“I was proud to secure this funding to help improve these vital corridors in Metro Detroit to better support the residents and businesses who rely on them each and every day.”
We’ve made meaningful progress by bringing together federal, state, and local partners, like Tony, but there’s more work ahead. I’ll never stop fighting to address PFAS contamination and protect the health and safety of all Michiganders.





