On the recordJanuary 31, 2023
With $31.4 trillion in national debt, House Republicans are committed to finding a solution that is reasonable, sensible, and responsible regarding raising the debt ceiling. President Biden would be irresponsible not to negotiate. We must finally address Washington's reckless government spending if we want to put America on a better fiscal path. After 2 years of reckless deficit spending, the Biden administration is refusing to negotiate with Republicans to protect taxpayers and solve our Nation's debt crisis. Democrats accelerated spending following the last massive debt limit increase. After passing the largest debt limit increase in American history, it took Democrats only a little over a year to max out the Federal Government's credit card again. Democrats outspent record-high revenue. Despite record-high revenues from the Republican-passed Tax Cuts and Jobs Act, Federal spending has continued to balloon, increasing by $10 trillion over the last 2 years, a record for a new President. There is a bipartisan path forward. Instead of refusing to negotiate, Democrats need to join Republicans in crafting a plan that protects taxpayers. All eight major spending reforms since 1985 have been attached to debt ceiling legislation. We must be, again, as Republicans say, reasonable, sensible, and responsible regarding raising the debt ceiling. We call on President Biden and the Democrats to join us in this effort. ____________________
