Friday, December 29, 2023

“House GOP’s New Year Resolution Must Be Cutting

Spending”

WASHINGTON, D.C. — Today, the House Freedom Caucus released the following
official position.

“America is on the path to fiscal ruin. We are rapidly approaching $34 trillion in debt –
roughly $100,000 for every American – and our debt to GDP ratio is higher now than it
was after World War II. When the 118th Congress concludes a year from now, with
continued monthly deficits of $200 billion despite record tax revenues, our national debt
will exceed $36 trillion and annual interest to service the debt will reach nearly $1 trillion.
To call this “unsustainable” is an understatement. It is a fiscal calamity.

Unfortunately, members of the House and Senate have done little to force a course
correction from this calamity. Indeed, many have been party to it. Worse yet, we are
extremely troubled that House Republican leadership is considering an agreement with
Democrats to spend even higher than the modest $1.59 trillion statutory cap set six
months ago by the Fiscal Responsibility Act, and to obscure the actual spending
numbers with more shady side deals and accounting tricks. This is totally unacceptable.

As Congress negotiates FY 2024 government funding, Republicans must truly reduce

programmatic spending year-over-year from the enacted FY 2023 level, and end the
use of disingenuous gimmicks to conceal from Americans the real spending harm being
perpetrated by their elected representatives. Anything less represents more failure and
suffering for the American people.

Republicans promised millions of voters that we would fight to change the status quo,
and it is long past time to deliver.”

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