Congressman Francis Rooney voted for fiscal responsibility and against a massive increase to our national debt. The Bipartisan Budget Act of 2019 would raise spending caps by $322 billion and suspend the debt ceiling until July 31, 2021. Earlier this year, the White House proposed $574 billion in potential spending cuts, none of which are included in this legislation.
Congressman Rooney stated, “This budget act fails the American people, especially our children and grandchildren. Saddling future generations with insurmountable debt instead of making the hard decisions on spending is irresponsible legislating. Just a campaign cycle ago, Republicans across the country ran on a platform of balancing our budget and eliminating our debt. I intend to continue my opposition to out of control Washington spending.
- According to the Committee for a Responsible Federal Budget, this bill will add $1.7 trillion to public spending over the next 10 years
- While the bill increases spending by $1.7 trillion over the next decade but only provides $77 billion in offsets
- The projected debt ratio approaches 100% of gross domestic product by 2029
- The United States is currently over $22 trillion in debt – about $174,000 per household
- The United States is on pace to hit $24 trillion by the end of 2020