WASHINGTON, D.C. -- In response to the release today of the updated Congressional Budget Office (CBO) report that projects the United States’ budget gap to exceed $1 trillion in 2020, two years sooner than expected, Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:
After weeks of working hard at hardly working, Congress has decided to take a vacation. Sure, the border is broken. And yes, our $22 trillion in national debt is growing. All the while, the Social Security trust funds are about to run out. But why let these facts get in the way of a good time?
The bill would blatantly disregard the Budget Control Act (BCA) of 2011 that requires Congress to adhere to budget caps – This bill goes above and beyond, busting the caps by nearly $300 billion over two years, more than twice that of the past two, two-year deals combined
The Senate is set to vote on the fiscally irresponsible budget negotiated by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) soon. FreedomWorks has issued a key vote notice declaring that we will deduct the scores of any member of Congress who votes for it on our congressional scorecard. As you may imagine, this news hasn’t thrilled the Washington establishment.
For most of this year, the talk in Washington has been focused on the debt, the debt ceiling, spending, and tax revenue. Politicians, economists, reporters, and citizens keeps referencing these large unfathomable numbers, like $14.6 trillion in debt. But what does that really mean?