Are We Willing to Fix It?
Neither Congress, the Administration, nor the public at large has fully acknowledged the depth of the fiscal hole we have dug, or what it will take to dig ourselves out of it. This is why I am releasing my report “FY 2025 Budget Reconciliation: Facts, Figures, and Analysis.”
My report provides an analysis of different scenarios using various growth rates and spending levels to prove that, without returning to a much lower pre-pandemic spending level, there is virtually no hope of achieving a balanced budget. Republican leaders have repeatedly stated, “We don’t have a revenue problem; we have a spending problem.” It’s time to find out if they’re willing to fix it.
Republicans must ask themselves whether they're willing to address this spending problem. I hope the answer is yes — and I will continue doing everything I can to ensure it is.
Access the entire 30-page report: The primary purpose of this report is to graphically show what so many Republican leaders have repeatedly stated, including President Trump in his November 2, 2011 tweet, "Washington has a spending problem, not a revenue problem."
As outlined in this report, the House bill will not reduce the deficit — the numbers simply don’t support that claim. This is our once in a lifetime opportunity to balance the federal budget and reset spending. We have to clean up the enormous mess that Biden and the Democrats left for us.
We are all committed to helping the President and America succeed. My higher loyalty is to my children and grandchildren. We are immorally mortgaging their future. It's time to take a businesslike approach and work seriously to reduce spending and deficits.
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Ron Johnson is 99.999 percent right, but wrong!
First, we have many republicans and no democrats who want to solve this problem. That takes discipline and sacrifice. Sixty percent of Americans are in need of Government money, and all of us benefit to some extent. All those new cars you see at the mall are a result of America's significant charge card, known as the National debt. Many people don't get too concerned about it, as they don't pay much in taxes; they receive more from the government than they pay to the government. You might think you paid for your new car, but in reality, the easy money in America has contributed to the economy that helped you get a job.
The next issue is that Trump is America's last chance, and you and I know so much money in this budget bill should be eliminated, much of it is not the government's place to spend money on many programs. Like Ron Johnson said, we owe it to our children, and I say we owe it to those who sacrificed to give us this great country.
Trump knows that we can't get this passed without all the pet projects, and so if we are going to do it Trump's way, we need to pass this and see what magic he can work. A bit of compromise, and yes, I hate compromise!
Trump has the mentality that if we do it his way, revenues to the Treasury will increase to the level that we can clean up the deficit and pay off debt. lets' give it a try.
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