WASHINGTON, D.C. – In case you missed it, Senators Rick Scott and Cynthia Lummis wrote an op-ed on how Washington’s status quo of reckless and wasteful spending, which is leading our nation to $30 trillion in debt and rising inflation, isn’t working. In their op-ed, Senators Scott and Lummis detail what must be done to address America's debt crisis and how their legislation, the Pay Down the Debt Act, will help fix it.
In the op-ed, Senators Rick Scott and Cynthia Lummis wrote, “With our national debt nearing a staggering $30 trillion, one would think that President Joe Biden would be ready to take a hard look at our spending and find ways to reduce it. Instead, in the just over 100 days that Joe Biden has been president, he’s proposed more than $6 trillion in new spending.
Even more troubling is that Biden refuses to address the basic question we and many Americans keep asking: ‘How do you plan to pay for all of this, Joe?’
We know that Biden can’t tax his way out of his own massive spending problem – but that won’t stop him from trying. His proposed tax increases would do more to wreck our economy than pay this tab. Clearly, something must change.
It is up to all of us to do our part to reduce the national debt.
As part of our commitment to taxpayers in our home states of Florida and Wyoming, as well as the entire nation, we’ve just introduced legislation to change the status quo.
Our bill, the Pay Down the Debt Act, would prevent any federal grant funds refused by a fiscally responsible state government from going to another state. Instead, our bill would require those funds to go to reduce our national debt.
Fiscally conservative citizens and elected officials must do everything in our power to reverse the direction of our deficit and debt spending. The future of our children and grandchildren depend on our actions.
This legislation is a real step to start reining in spending and reducing our debt.
For every dollar this legislation saves today, it is one less one that we have to pay back tomorrow.”
Read the full op-ed in Fox News HERE.