WASHINGTON, D.C. – In case you missed it, Senator Rick Scott and Foundation for Government Accountability (FGA) President and CEO Tarren Bragdon wrote an op-ed for the Tampa Bay Times on how Senator Scott’s Federal Debt Emergency Control Act can rein in Washington’s out-of-control spending and provide a concrete path forward to tackle the nation’s nearly $30 trillion debt.
In the op-ed, Senator Rick Scott and FGA President and CEO Tarren Bragdon wrote, “Currently the debt clock ticks well past $28 trillion, barreling toward $30 trillion. That’s more than $90,000 for every man, woman and child in America.
Out-of-control government spending, debt and labor shortages are contributing to rising inflation — a 13-year high of 5 percent — and suddenly government overspending and bad policy impact the price of everything, from gas to bread to plywood.
As prices continue to rise, the Biden administration — especially with its recent $6 trillion budget proposal on top of trillions of dollars of previous spending — has little intention of reducing the national debt or spending with more prudence.
One is to pursue practical measures that make it easy and relatively painless to cut spending, if we start now. The Federal Debt Emergency Control Act includes several provisions to do just that.
This commonsense legislation does not prescribe what spending or programs should be cut, but instead provides members of Congress and Senators with incentives that deters bloated spending bills.
The longer we ignore the debt problem, the worse it will become — not just for us, but for future generations.
A debt crisis is here. And it will be American families that feel the effects of their government’s lack of fiscal responsibility through inflation, higher costs and rising taxes.
With the debt limit deadline approaching, there’s no better time for Congress to do right by the American taxpayer and finally address the federal debt and reckless government spending. Let’s seize that opportunity.”
Read the full op-ed in the Tampa Bay Times HERE.