WASHINGTON, D.C. – In case you missed it, Senator Rick Scott wrote an op-ed for the Tampa Bay Times on how the Biden Administration and Congress must take significant, immediate action to address our nation’s federal debt crisis, which currently sits at a massive and unsustainable $27 trillion. Since becoming Senator, Senator Scott has been calling for the federal government to address this crisis and rein in the out-of-control spending that is putting our country’s future at risk.
In the op-ed, Senator Rick Scott wrote, “Since being elected to represent Florida in the United States Senate, I’ve fought hard to call out wasteful spending and offer solutions to make our government more efficient and accountable to the taxpayers. This should be the foundation of our work and service to our constituents. We can’t forget that every dollar the federal government spends is borrowed from the American people.
Sadly, over the past two years that I’ve been in Washington, I’ve realized that while many politicians make promises to uphold these values, very few put their words into practice. It’s no wonder then that our national debt continues to grow out of control. In 2020 alone the federal government increased its debt by more than $4 trillion. Today, it sits at a massive and unsustainable $27 trillion.
Congress’ decades of failure to think and act responsibly has led to enormous deficits, insurmountable debt, and out-of-control spending. Right now, our country is spending out of control. And even before the pandemic, when the economy was booming, the federal government was running trillion-dollar annual deficits.
This summer, Congress and President Joe Biden will face the critical choice of raising or suspending the debt ceiling. Congress has made a habit of maxing out America’s credit card with no plan to pay off our debts. Failure to reign in deficit spending will inevitably cause high inflation, devastating the purchasing power of all Americans and disproportionately impacting low and fixed income families.
Since the Biden administration doesn’t have a plan to address this crisis, I hope they’ll join me in fighting for fiscal restraint, the adoption of sustainable and responsible debt reduction measures and passage of reforms that produce concrete, enforceable limitations of deficit spending.
Americans understand they can’t spend without consequence. It’s time for government to embrace this same mentality.”
Read the full op-ed in the Tampa Bay Times HERE.