‘Party Politics And Out-Of-Control Spending’: Manchin Calls Out Both Republicans And Democrats For Worsening The National Debt

Sen. Joe Manchin (D-WV), called upon his Republican And Democratic On Thursday, the colleagues of the Committee will work together to reach a compromise that would lower the national debt.

The lawmaker’s remarks After Sen. James Lankford (R–OK) had recited President George Washington’s Farewell Address on Senate floor, an old tradition that the upper chamber has. maintained It has been more than 160 year since the birth of the founding father. Manchin mentioned the distaste Washington harbored for partisan groups as he exhorted Congress The national debt now exceeds $31.5 trillion.

“Washington warned of the dangers of putting the will of a political party ahead of the will of the nation,” Manchin said. “Washington warned against the accumulation of debt and encouraged us to ‘cherish public credit as a very important source of strength and security.’ And yet here we are today, watching party politics and out-of-control spending threaten the very foundation of our great nation.”

These comments were made as the federal debt limit, which is an arbitrary limit on the national debt set by Congress, exceeds the statutory limit of almost $31.4 trillion earlier in the year. Treasury Secretary Janet Yellen was prompted to make the comment. launch “extraordinary measures” The government will be funded through the summer. House Speaker Kevin McCarthy (Republican-California) and President Joe Biden are currently engaged in negotiations to reduce long-term debt and address the debt limit. Each have stated that they won’t consider reforms to Social Security or Medicare. questions As these programs make up nearly half of the federal government’s budget, it is difficult to know if meaningful spending cuts are possible.

Manchin, widely considered to be a centrist noted that excessive federal spending had been a problem. problem Under Republican and Democratic administrations alike, former President Donald Trump has increased $7.5 trillion to projected levels of debt through his legislative agenda & executive orders while President Joe Biden amounted $5 trillion to projected levels of debt. Not taking into account the stimulus measures adopted by both chief executives during lockdown-induced depression, there is an additional debt burden of $4 trillion for one and $2.5 trillion the other.

“My Democratic friends don’t want to say a word about our out-of-control spending and are outright refusing to even talk to Republicans about reasonable, responsible reforms. They want to pass a ‘clean’ debt ceiling bill without a commitment to fix anything,” Manchin continued. “My Republican friends refuse to offer any specifics, and some have recklessly threatened default, which is something that absolutely has to be off the table. We will never solve this problem by each party running in the opposite direction. We will only be able to change course by coming together, embracing common sense, and finding common ground.”

Manchin said that the government should be able to get its finances in order. “financial house in order” Just like “every family has to do around their kitchen table” On a regular basis.

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“Our national debt weakens our economy, it weakens our national security, it weakens the trust Americans have in their government, and it weakens our role in the world. Fortunately, we still have time this year to prevent this catastrophic financial forecast,” He went on. “I am asking all of you to join me in calling for an honest budget, without the accounting gimmicks and tricks, a short-term deal to bring down our out of control spending right now, this year, and a plan to deal with our longer-term fiscal challenges.”

From ‘Party Politics And Out-Of-Control Spending’: Manchin Calls Out Both Republicans And Democrats For Worsening The National Debt

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