BREAKING NEWS: National debt surpasses $31T for first time
in new debt is the floor given growth in entitlement spending as well as new spending priorities set by Congress this year. Those priorities include the health and environmental policy bill known as the Inflation Reduction Act and assisting Ukraine in its war with Russia.
"You know, Republicans talk about being fiscally responsible," Biden said in September."Last year, I reduced the deficit $350 billion. You know how much this year, not counting the Medicaid changes? One trillion seven hundred billion dollars. So I don’t want to hear it from Republicans about fiscal responsibility."
WASHINGTON, DC: President Joe Biden gives Sen. Joe Manchin the pen he used to sign The Inflation Reduction Act with Senate Majority Leader Charles Schumer in the State Dining Room of the White House. "This is what happens when Congressional Democrats engage in unchecked partisan spending— and hardworking Americans are paying the price," added Rep. James Baird, R-Ind."The American people deserve better."
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