The Constitution grants Congress the “power of the purse,” specifically, the power to “lay and collect taxes,” to “pay the debts and provide for the common defense and general welfare of the United States,” to “coin money and regulate the value thereof,” and to “borrow money on the credit of the United States.” The same Founding generation that granted these significant powers also took it for granted that, as a rule, government spending should be frugal and budgets balanced.
Congress’s ability in the long run to govern our country depends on fiscal responsibility. A debt limit increase without any meaningful spending reform is generational theft. We must put an end to “borrow-and-spend.” Washington politicians have enjoyed unbridled, haphazard spending sprees for far too long, while America’s families and businesses are left paying the tab.
Right now, Democrats in Congress are indulging in one of the largest spending binges in our nation’s history. If passed, their Big Government Socialism Bill would dramatically increase the federal public debt by at least $3 trillion over the next decade. This dangerous spending binge is financed on the backs of future generations and only serves to make our sorry financial state even worse.
Historic levels of inflation, coupled with a national debt set to eclipse $29 trillion, should be the only signals needed to confirm that the current direction of expanding government is entirely untenable.
FreedomWorks will count the vote for S.J.Res. 33 on our 2021 Congressional Scorecard and reserves the right to score any amendments, motions, or other related votes. The scorecard is used to determine eligibility for the FreedomFighter Award, which recognizes Members of the House and Senate who consistently vote to support economic freedom and individual liberty.