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Thursday, October 28, 2021

Pelosi completely disingenuous with debt limit debate

Congressman Daniel Webster

Tuesday, September 21st, Speaker Pelosi brought up Democrats’ “spend and borrow” bill, H.R. 5305. This bill combined a Continuing Resolution to keep the Government’s lights on past Thursday night, with a bill that suspends the debt limit of the United States, enabling dangerous spending with no fiscal restraint or reforms. I opposed this when Republicans were in the majority and I oppose it today.  H.R. 5305 was passed by House Democrats with House Republicans unanimously voting in opposition.

Speaker Pelosi is being completely disingenuous with the debt limit debate. Democrats essentially took hardworking taxpayers’ credit cards, continue to run up a massive bill by charging things they can’t afford – like the $1.9T so-called “American Rescue Plan Act” – and now are blaming Republicans who won’t help them foot the bill for these costs. Democrats who wanted this spending, and are pushing to spend more, are responsible for voting to borrow more to pay their bills, especially since they refuse any meaningful cuts or reforms. While a government shutdown is bad, the impacts of the U.S. defaulting on its debt would have catastrophic economic impacts. They can pass this legislation and need to own the spending they authorized. I believe in ensuring the health of the U.S. economy and honoring debts incurred; however, I will not support voting for a debt ceiling increase that does not come with reforms that will help us pay down the debt.

Every dollar spent in Washington is a dollar taken out of the pockets of hardworking Americans or placed on the shoulders of our children and grandchildren. I promised you that I would work to shut off the spigot of spending that has led to more than $27 trillion national debt. Every year, I deliver a personal check to the Bureau of Fiscal Service at the Treasury Department to roll back my salary to the 2008 amount. Although it is a small step given the trillions of dollars the federal government spends, it is a step in the right direction. If all federal government spending was rolled back to the 2008 amounts, we would have a budget surplus and could begin to pay down our debts. I have sponsored legislation that would support a balanced budget and recognize that our national debt is a threat to our national security. I will continue working to reduce federal spending and restore responsible budgeting.

Congressman Daniel Webster represents The Villages in the U.S. House of Representatives.

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