IN CASE YOU MISSED IT… Sen. Rick Scott in Orlando Sentinel: GOP Won’t Fuel Inflation Crisis by Raising Debt Limit
September 23, 2021
WASHINGTON, D.C. – In case you missed it, Senator Rick Scott wrote an op-ed for the Orlando Sentinel on why Senate Republicans will not support raising the debt ceiling and excuse the Democrats’ massive spending that is already hurting families by fueling a raging inflation crisis. Today, U.S. debt is nearly $30 TRILLION. Under the reckless tax-and-spending spree proposal drafted by socialist Bernie Sanders, Democrat spending would increase federal debt by more than $15 TRILLION, taking it to $45 TRILLION by 2031.
In the op-ed, Senator Rick Scott wrote, “In 2019, Congress voted to suspend the debt limit, letting the federal government rack up unlimited debt for two years. Now, the debt limit suspension has expired and congressional Democrats are pitching this as a decision point with only two options: vote to suspend the debt limit again or increase it.
Republicans won’t stand for it. As spending bills by Democratic leadership rage out of control, we won’t vote to bail them out and cut them more blank checks to bury us in debt, increase America’s interest expense and fuel an already raging inflation crisis hurting families across Florida. It’s time for Democrats to own the debt crisis they created.
Reckless spending has consequences, like rising inflation and growing government interest expenses. Recently, my office heard from a family in Kissimmee who is feeling the impacts of inflation firsthand. They are having a harder time putting food on the table and balancing the ability to keep their vehicle. That’s the effect of this irresponsible and dangerous path the Democrats are on.
With interest rates at historic lows, the U.S. government is already spending nearly $345 billion annually on interest. Instead of funding infrastructure, defense or the environment, nearly $345 billion is just paying interest which provides zero return to American families. As the debt grows, this will only get worse.
How can Congress justify that? No family or business would keep spending more when you can’t afford the bills you already have. In the real world, it’s not the number of checks you have in your checkbook, it’s how much money you have left in the bank. But, for Congressional Democrats, it’s about spending until the checks are gone, ignoring the overdraft warnings, and then ordering more.
It’s time to show President Biden and the liberals that their debt crisis has dangerous consequences that are wasting the hard-earned tax dollars of Florida families. I’ll keep fighting every day to put our nation on a successful path and ensure our future generations have every opportunity to live the American dream.”
Read the full op-ed in the Orlando Sentinel HERE.