OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Time to Stop Runaway Spending

Floor Speech

Date: March 7, 2023
Location: Washington, DC

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Mr. JOYCE of Pennsylvania. Mr. Speaker, if you lined up the $10 trillion that the Congressional Budget Office reports we will owe as interest on our national debt, if you line that up in $100 bills, it would stretch from New York City to Los Angeles and then back again.

This money does nothing to keep us safe, it does nothing to fund Medicare, and it does nothing to secure our border.

This debt has caused skyrocketing inflation. It has decimated savings accounts. It has mortgaged our Nation's future all for short-term political gain.

It is time to stop the runaway spending on Green New Deal priorities that fail to help the American people.

When President Biden unveils his budget on Thursday, it must include a plan to reduce our debt. It must return to commonsense fiscal restraint and protect American taxpayers who cannot afford to keep wasting money on reckless budget proposals.

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