‘America has a spending problem, not a revenue problem…’
(Joshua Paladino, Liberty Headlines) As President Donald Trump addresses the national security crisis at the U.S.-Mexico border, Republican members of Congress called on the House and Senate to recognize America’s $22 trillion national debt as a security crisis.
“America has a spending problem, not a revenue problem,” Rep. Andy Biggs, R-Ariz., said in a press release. “While the United States is producing record federal revenue, Congress has failed to pass balanced budgets. If we do not change our course, we will be responsible for one of the worst catastrophes this nation has ever experienced: the crash of the American economy and the demise of a superpower.”
“The single greatest threat to our national security is our national debt, and it’s time Washington comes to grips with that reality,” Perdue said. “This month, our national debt topped $22 trillion. This news should have sounded alarms throughout Washington, but bureaucrats and career politicians didn’t even blink an eye.”
The resolutions cited recent developments that signal a coming crisis.
In 2011, Standard and Poor’s demoted the United States’ credit rating from AAA to AA+. This was the first time in U.S. history that the federal government had fallen from the highest credit rating.
The Social Security and Medicare Boards of Trustees said funding for old age and disability programs will run dry in 2034.
The House and Senate resolutions attracted numerous co-sponsors, including Rep. Paul Gosar, R-Ariz.
“Due to Congress’ reckless spending habits, America is heading toward a catastrophic event that will wipe out pensions and retirement benefits,” he said. “If we keep on this destructive path, Congress will be forced to slash eligibility for social security and reduce benefits that Americans have been paying for and counting on for years. We must put an end to this blind spending.”