IN CASE YOU MISSED IT… Sen. Rick Scott in Fox News: How to save America from death by debt? Run it like a business
February 3, 2023
I ran Florida like a business and can show Schumer how to cut taxes, create jobs and pay down debt
WASHINGTON, D.C. – In case you missed it, today, as the federal government continues to run trillion-dollar-plus deficits and Congress considers the debt ceiling, Senator Rick Scott wrote an op-ed for Fox News on how the federal government can achieve the economic success Florida did while he was governor and ran the state with a business mindset.
In the op-ed, Senator Rick Scott wrote, “Senate Majority Leader Chuck Schumer recently told the press that, ‘We’ll win,’ the debt ceiling fight. ‘We’ll’ meaning Democrats, of course. A ‘win’ for him is to increase the nation’s debt, increase the prices you pay and increase mortgage rates you pay. So, his ‘win’ is a loss for you.
Here’s why: When Schumer was elected to Congress 43 years ago, in 1980, the federal debt was $914 billion and America’s debt to GDP ratio was 32%. Since then, the federal debt has grown by more than 3,000% and now sits at $31.38 TRILLION.
Unlike any career politician here in Washington, I was governor of a large state and led it out of an economic recession. And I did it by using my decades of business experience to guide my decisions.
In January 2011, we went to work. From day one, we scrutinized how every taxpayer dollar was spent, made cuts where the spending didn’t make sense and wasn’t providing a return for Florida families, and pushed more money into the things that people truly cared about.
Because we focused on growing our economy, the state’s GDP reached $1 trillion for the first time in our history, our state annual general revenue grew by nearly 50% and our reserves jumped 71%. And again, we did it while cutting taxes and paying down the debt.
This wasn’t rocket science, but it does require something that is hard to find in Washington – courage. You have to be willing to get a ton of bad press and have the Democrats scream like stuck pigs. They’ll say the world is ending and that America is doomed. All lies that they’ve been trying to sell for years to protect that reckless spending and massive debt that keeps them and their friends on Wall Street happy and rich.
Today, the U.S. federal government is bringing in record revenues. Over the last four years, federal revenues have grown by 40%, from $3.4 trillion to $4.8 trillion, and yet we continue to run trillion-dollar-plus deficits ...
The dirty little secret in Washington is this – we can grow our way out of debt, and we can protect Social Security and Medicare at the same time.
Anyone who says that America is best served by changing nothing and raising the debt ceiling with zero reform to how Congress is recklessly spending taxpayer money is too incompetent to serve in elected office. As long as Democrats treat this like a game they can win, you lose.”
Read the full op-ed in Fox News HERE.