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(CNS News) – When asked about President Joe Biden’s budget plan, which would rack up $14.5 trillion in cumulative deficits over the next 10 years, Sen. Mark Warner (D-Va.) said “neither political party has any credibility on this issue,” and added that both parties spent “spent enormous amounts of money after COVID.”
(CNS News) – When asked about President Joe Biden’s budget plan, which would rack up $14.5 trillion in cumulative deficits over the next 10 years, Sen. Mark Warner (D-Va.) said “neither political party has any credibility on this issue,” and added that both parties spent “spent enormous amounts of money after COVID.”
Sen. Lummis Discusses National Debt, Sustainable Budgeting Wyoming Senator Cynthia Lummis called the ''Wake Up Wyoming' program with Glenn Woods on Tuesday to talk about a plan to curb the mounting national debt. Lummis told Woods that what is needed is something along the lines of the Simpson-Bowles plan of 2010. That proposal would have capped spending at 21 percent of the National Gross Domestic Product, closed tax loopholes, reduced health care spending, and taken several other steps to balance the budget. Get our free mobile app The plan would have also reduced Social Security Benefits t...
ADVERTISEMENT The astronomical debt load that President Biden inherited should hang as a specter above our national politics. It should mean that current taxing and spending decisions are made with full regard to the amount of money that we already owe lenders, rather than with regard to how we would like our government to tax and spend in an ideal world. Yet, in practice, our existing debt load means that the federal government will spend an increasingly large percentage of each year’s federal budget simply paying for previous years’ spending choices. Our large debt also makes us reli...
We need to think more creatively about portable benefits, workforce training. i'm not sure where these fall democrat, republican. if we don't address that anger and angst that was heard last week, then i think we're not doing our duty for america. >> what focus does that place on the tax cuts, for corporate america, for the wealthy, the president well, i believe under budget rules be able to pass with 51 votes? >> what it's going mean somebody who has spent much of my first term in the senate desperately trying to put together the bipartisan group, i was the gang of six that tried to work on t...