207 results for tag: National Debt

National debt rose more than $1.2 trillion in 2018 fiscal year

The fiscal year of 2018 ended on Sunday with the national debt rising to $21.516 trillion, with $1.2 trillion borrowed this fiscal year. The Washington Examiner has the details: On the last business day of fiscal year 2018, which was Friday, Sept. 28, the total debt had grown to $21.516 trillion. Friday was the first day in history the national debt rose above $21.5 trillion. The increase is just the latest sign that borrowing is on the rise. Last month, the Congressional Budget Office said federal borrowing through the first 11 months of fiscal year 2018 hit $895 billion, $222 billion higher than the first 11 months of the prior year. ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 6/11/18

CALENDAR: The calendar is the same as last week – the Senate returns on Monday, and the House returns on Tuesday. The Senate will likely finish its work on Thursday, because that’s still a full workweek in the Senate, and the House is scheduled to stay in session through Friday. LAST WEEK ON THE HOUSE FLOOR: The House returned to work on Tuesday, and took up and passed three bills under Suspension of the Rules. On Wednesday, the House took up and passed H.R. 8, the Water Resources Development Act. Then the House took up and passed a motion to concur in the Senate amendment to H.R. 3249, the Project Safe Neighborhoods Grant Program ...

Trump’s rescission package is a step toward fiscal responsibility

President Trump promised to make America great again and cutting unnecessary spending is a part of that dream. This week, President Trump announced that he would be asking Congress to rescind $15 billion of unspent funding in an effort to tackle the latest budget deal and work toward reducing the national debt. “We are grateful to the Trump administration for this rescission package and fully support its implementation as a good first step,” Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin said in a statement this week. ”This is money that cannot be spent so it shouldn’t be spent. It should be returned to taxpayers as a down ...

Rep. Ralph Norman: This ‘atrocious’ spending bill does nothing to clean up the Swamp

The 2016 election was a mandate to change the status quo and drain the swamp. Republicans promised to repeal ObamaCare and cut government spending. Under President Trump, they did deliver on promises to cut taxes and replace the late Justice Antonin Scalia with a constitutional conservative in Justice Neil Gorsuch, but the massive spending ‘boondoggle’ that just passed Congress shows that when it comes to spending, promises are not being kept. Rep. Ralph Norman has the facts: For starters, the massive spending bill increases federal discretionary spending by 13 percent, bursting through caps meant to curb deficit spending. Indeed, under a ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 3/12/18

CALENDAR: The House will return on Tuesday, and stay in session through Friday. The Senate will come back on Monday, and will stay in session through Thursday. LAST WEEK ON THE HOUSE FLOOR: The House came back to work last Monday and passed two bills under Suspension of the Rules. On Tuesday, the House passed H.R. 4607, the Comprehensive Regulatory Review Act, by a vote of 264-143. On Wednesday, the House passed a Rule governing floor consideration of two bills. On Thursday, the House took up and passed one of those bills, H.R. 1917, the Blocking Regulatory Interference from Closing Kilns Act, by a vote of 234-180. And then they ...

Daily Signal: Spending cuts are better for the economy than tax hikes

Thanks to President Trump, the recently passed Tax Cuts and Jobs Act is a great first step to reviving business confidence in the U.S and boosting economic growth. However, if the Republican party doesn’t follow through on their campaign promise to minimize spending, America will take two giant leaps backward. The Daily Signal has the details: Some point to the deficit as a reason to raise taxes. But new research shows that spending cuts are superior to tax hikes when it comes to reducing the deficit. This should embolden lawmakers to pursue spending reductions in this year’s budget resolution, giving particular focus to reducing entitlem...

Rep. Mark Meadows: This spending proposal is disgusting and reckless

After eight years of reckless spending under the Obama administration, Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer managed to strike a so-called budget “deal” that fails to serve the American people and only prolongs their suffering. Breitbart has House Freedom Caucus Chairman Mark Meadows’ take on the reckless deal: The budget deal between Chuck Schumer and Mitch McConnell will increase defense and domestic spending by roughly $400 billion over the next two years; the Defense Department’s budget will rise by $80 billion and domestic spending will increase by $63 billion in 2018 alone. The budget deal ...

Quin Hillyer: The Senate budget deal is overwhelmingly irresponsible

The Senate budget deal worked out on Wednesday should be vetoed by President Trump immediately – if it passes Congress, that is. The agreement would bust budget caps for military spending and it would create an explosion in domestic discretionary spending that is unaffordable to a nation already suffering from years of massive deficit spending. The Washington Examiner has conservative columnist Quin Hillyer's take on the so-called deal: A nation already reeling from years of massive deficit spending, including a demonic $666 billion deficit in the most recently completed fiscal year, cannot afford this new profligacy. The new spending will ...

Tea Party Patriots Citizens Fund Blasts Reported Congressional Budget Deal

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement today, responding to reports that Congress is close to a 2 year budget deal. “When will our so-called ‘Republican leaders’ ever learn to stick by their promises and previous statements? Republicans in Congress should step away from Chuck Schumer’s negotiating table and work to pass a budget that balances by making tough choices and eliminates our more than $20 trillion in debt. Anything less would be an abandonment of their promises to the American people. "It's really not that hard -- as the Penny Plan (endorsed by Senate Budget ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 1/29/18

CALENDAR: The House will return Monday, and stay through Wednesday. Then House Republicans will go off to their annual retreat. The Senate will return Monday, and stay in session through Thursday. On Tuesday evening at 9 PM EDT, President Trump will deliver his first official State of the Union address. LAST WEEK ON THE HOUSE FLOOR: At 6:09 PM last Monday evening, the House voted on H.R. 195, the vehicle for the Continuing Resolution that had earlier that day passed the Senate. The CR passed, by a vote of 266-150, and was then sent to the President for his signature. And then they were done. THIS WEEK ON THE HOUSE FLOOR: It’s going ...