‘Our nation’s fiscal policy is a disaster’: 24 senators sign letter opposing debt ceiling increase absent ‘spending reform’

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NewsRescue

Two dozen Republican senators have signed a letter to President Joe Biden stating that they will not vote to raise the debt ceiling unless the nation’s spending problem is addressed.

The legislators expressed their concerns “outright opposition to raising the debt ceiling in the absence of real structural spending reform that reduces deficit spending and restores fiscal sanity to Washington. The Senate Republican Conference’s policy is that “any increase in the debt ceiling must be accompanied by cuts in federal spending equal to or greater than the debt ceiling increase, or meaningful structural reform in spending, such as the Prevent Government Shutdown Act or the Full Faith and Credit Act.” We intend to stick to our guns on this one.”

America’s massive and ever-increasing national debt now exceeds $31 trillion.

“The fiscal policy of our country is a disaster. Our country owes $31 trillion in debt, which far exceeds the size of our economy “According to the letter. “We will not vote for a debt-ceiling increase unless structural reforms are implemented to address current and future fiscal realities, actually enforce budget and spending rules, and manage out-of-control government policies.”


Senators Rand Paul of Kentucky, Mike Lee of Utah, Tommy Tuberville of Alabama, Marsha Blackburn of Tennessee, J.D. Vance of Ohio, Eric Schmitt of Missouri, Ron Johnson of Wisconsin, Mike Braun of Indiana, Ted Budd of North Carolina, Kevin Cramer of North Dakota, Ted Cruz of Texas, Cynthia Lummis of Wyoming, Sen. Rick Scott of Florida, Sen. Markwayne Mullin of Oklahoma, Sen. Mike Crapo of Idaho, Sen.