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Press Release

FreedomWorks Statement in Response to CRFB Report That Interest on the Debt Added by Proposed Budget Outweighs Offsets

WASHINGTON, D.C. -- In response to analysis from the Committee for a Responsible Federal Budget (CRFB) that interest payments on the debt alone resulting from the budget deal are greater than the “offsets” included in the deal, Adam Brandon, FreedomWorks President, commented:

“The national debt is a ticking time bomb, and this shocking analysis makes clear that the new budget agreement would make the federal government’s unsustainable fiscal situation even worse. This new deal would increase spending levels to a point where the newly generated interest on the debt would outweigh the already-gimmicky spending offsets the deal contains.”

“The longer that Congress fails to address the cause of our ballooning deficit, the more the interest on the debt as a percentage of the budget continues to grow. These are symptoms of a looming perfect storm that will lead to fiscal ruin if left unchecked. Unfortunately, even Republican congressional leadership has chosen to abandon any sense of fiscal responsibility to the detriment of the American taxpayer.”

1 comments
mass's picture
07/31/2019

latest govt job

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