Texas Scorecard By Matt Stringer July 24, 2019
Leadership from both parties are pushing a massive increase in deficit spending, with only a faction of Republicans in opposition.In the past 18 years, since Congress last adopted a balanced budget, growing the federal deficit seems to be a reliable point of unity for the majority of lawmakers on both sides of the aisle.
This week, federal budget negotiators led by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin agreed to a budget deal that increases spending by $320 billion more than allowed by the Budget Control Act of 2011 and raises the debt ceiling until July 2021.
Sen. Ted Cruz issued a statement blasting the deal, saying, “The budget deal reached by administration negotiators and congressional leadership is yet another missed opportunity to rein in excessive government spending. This deal irresponsibly jacks up spending by $320 billion without real offsets and suspends the debt limit into 2021. Instead of finally dealing with our nearly $1 trillion deficit and $22 trillion debt, this deal just kicks the can down the road again.â€
More:
https://texasscorecard.com/federal/congressional-budget-deal-grows-deficit-with-reckless-spending/