WASHINGTON, D.C. – In case you missed it, Senator Rick Scott wrote an op-ed for Fox Business on how the U.S. must take significant action to address our federal debt crisis after the nation solves the Coronavirus pandemic to ensure our future economic stability and success.
In the op-ed, Senator Rick Scott wrote, “In Washington, fiscal conservatism goes out the window during a crisis. As we work to solve the coronavirus crisis, make no mistake – Congress has significantly exacerbated and sped up our looming fiscal crisis. Even during the economic boom we were experiencing, our federal government was set to spend approximately $4.6 trillion dollars while collecting only $3.6 trillion in taxes and fees.
Now, with the downturn in the economy and the new stimulus bill, the federal government this year will spend more than $7 trillion and collect much less than anticipated.
Congress will soon be faced with tough choices about what programs are "must haves" and what programs are "nice to haves." If it wasn’t clear before, it must be now: we can no longer afford many government programs that are simply nice to have.
It’s time to take action. Politicians in Washington no longer have time to hide behind the cowardice of political expediency. As I stated after Congress passed the CARES Act, once this crisis is over, we must make a plan to cut federal spending by at least the amount we spend during the crisis. There is no other option.
Politicians in Washington are afraid to tell you the truth, so here it is: if we want our country to survive and thrive and continue to be a beacon for freedom, prosperity and hope around the world, we’ll need to make tough choices after this crisis is over. We’ll need to do more with less…”
Read the full op-ed in Fox Business HERE.