We are more than $30 trillion in debt and people across Wyoming are suffering from record inflation, yet President Biden offered a budget plan that keeps us on a reckless fiscal path.
The White House is touting that this budget will cut the deficit by $1 trillion. Don’t get me wrong, I think any deficit reduction is good, but the White House is using an unrealistic “wealth tax” and other budget gimmicks to achieve this number. They are not doing anything to address the underlying spending habits that continue to drive us deeper and deeper into debt.
President Biden included his Build Back Better agenda in his budget, yet conveniently left the price tag off of it. Let me be clear, this agenda does not cost $0. It is a high-cost plan, creating expensive programs that will be nearly impossible to roll back. It’s bad for Wyoming and bad for the American people.
If President Biden really wants to make some headway on our national debt, I would be more than happy to talk to him about my Sustainable Budget Act or my Pay Down the Debt Act that I introduced last year. Both would take serious steps toward restoring fiscal sanity to our budget process.
The people of Wyoming are conscientious about the way we spend our money, and we expect the government to be as well. It is time to take our national debt seriously and to build financial habits that move us toward fiscal solvency for our children and grandchildren. I will keep fighting for that fiscal sanity every day I’m here in Washington.