House Democrats are blaming former President Donald Trump for the rising national debt and trillion-dollar budget deficits two years after Trump left office and Democrats assumed control of Congress.
Sen. Rand Paul, R-Ky., speaks during a news conference at the U.S. Capitol in Washington, D.C., on Wednesday.Rand Paul
, R-Ky., told reporters. He asserted that the Republican House majority will not vote to raise the debt ceiling "without significant budget reform." Democrats say the GOP is endangering the economy by being reckless with the debt limit and have accused Republicans of fiscal hypocrisy. House Minority Leader Hakeem Jeffries, D-N.Y., speaks during a press conference at the U.S. Capitol in Washington, D.C., on Thursday.Hakeem Jeffries, D-N.Y., blamed the Trump presidency for roughly a quarter of the current debt.
"The extreme Republicans, they want to lecture the country on fiscal responsibility when 25% of the nation's debt incurred during the four years of the Trump presidency," Jeffries said. He added that Democrats have cut the deficit by $1.7 trillion in the last two years, but those cuts mostly represent the end of emergency spending on the COVID-19 pandemic. The federal government added $83 billion to the national debt in the first month of fiscal year 2023, at a rate of $2.
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