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Will Congress Ever Stop Spending Money We Don't Have?

the capitol building with the sky filled with hundred dollar bills

Bryan E. Leib By Monday, 10 June 2024 07:34 AM EDT Current | Bio | Archive

America stands on the precipice of a fiscal disaster, and we’ve been on this cliff for many years now.

Our national debt has skyrocketed past $31 trillion while President Joe Biden has forgiven over $110 billion in student loan debt. This casts a shadow over the future prosperity and security of our nation.

For too long, Congress has shirked its responsibility, allowing unchecked spending to drive us deeper into debt every single year. As conservatives, we must sound the alarm and demand immediate action to restore fiscal discipline while cutting the budgets of do-nothing federal agencies that most Americans have never heard of in the first place.

The time for excuses and political games is over; the time for serious debt reduction is now.

My friend, Congressman Byron Donalds, has been very outspoken on this issue. He has frequently spoken out about how the federal borrowing levels are unsustainable and how we are borrowing against the future of the nation while we saddle the generations behind us with billions of debt.

Our debt is not just a number; it is a looming threat to our national security and economic stability. With nearly half of our federal budget consumed by Social Security, Medicare, and Medicaid, we are on an unsustainable path.

The Congressional Budget Office (CBO) projects that, if current trends continue, these entitlement programs will become even more burdensome as our population ages. Coupled with historically high defense spending and ever-increasing interest payments on our debt, we are hurtling toward a financial reckoning.

Conservatives have always championed fiscal responsibility, limited government, and free-market principles. It is time for us to return to these core values.

Reducing our debt is not just about balancing the books; it is about preserving our nation’s sovereignty and ensuring a prosperous future for the next generation. We cannot continue to borrow against our children’s futures to fund today’s excesses.

Instead, we must prioritize spending cuts, entitlement reform, and pro-growth, pro-job creation policies that will put us back on a sustainable fiscal path and put America back to work!

Debt reduction must go hand-in-hand with policies that spur economic growth and new American jobs. Tax reform, deregulation, and incentives for innovation and investment are crucial. A thriving economy will generate more revenue and reduce the need for borrowing.

We must also promote energy independence, reducing our reliance on foreign oil and investing in American energy production. A strong, dynamic economy is the best way to ensure we can meet our obligations without resorting to unsustainable debt.

The greatest obstacle to reducing our debt is not economic; it is political.

Congress must muster the courage to make difficult decisions, resist the lure of short-term political gains, and prioritize the long-term health of our nation. This means rejecting the notion that every problem can be solved with more spending and embracing the principles of fiscal conservatism that have made our nation strong.

Our national debt is a crisis that demands immediate and decisive action. As conservatives, we must lead the charge for fiscal responsibility, entitlement reform, and pro-growth policies. The future of our nation depends on it.

Congress must get serious about cutting our debt, not just for the sake of balance sheets, but to safeguard the American dream for generations to come.

Bryan E. Leib is the CEO of Henry Public Relations, a Senior Fellow with the Center for Fundamental Rights and the former Executive Director of the Iranian Americans for Liberty, and in 2018, he was the GOP Endorsed Congressional Candidate (PA-03). He tweets at @BryanLeibFL. Read More Bryan E. Leib Reports — Here.

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The time for excuses and political games is over; the time for serious debt reduction is now.
congress, spending
Monday, 10 June 2024 07:34 AM
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