national debt

Budget

Years of out-of-control spending and poor decision making is catching up with us. This year our nation reached the dubious distinction of being $22 trillion dollars in debt. With every hour that passes, we pile up another $100 million of debt. Interest payments on the debt alone, even with historically low rates, accounted for $325 billion of annual spending in 2018 and are expected to account for over $900 billion by 2028. Within only five years, the federal government will spend more on interest on the debt than defense.

I have pushed for fiscal sanity and a balanced budget since I came to Congress in January. For example, I led a letter in May with 44 other members to Speaker Pelosi requesting she only bring forward spending measures that adhere to the budget caps for FY 2020 and 2021. Speaker Pelosi and her Democratic cohorts didn’t listen. 

My team and I haven’t given up fighting for fiscal sanity. We are working on legislation to restructure how Washington budgets, so we can ensure our great nation is prosperous for our children and grandchildren. 

For more information concerning work and views related to Economy, please contact our office.

More on Budget

December 9, 2019 Press Release

Rep. Chip Roy joined 159 of his Republican colleagues Monday in sending a letter to Speaker Nancy Pelosi requesting she bring the USMCA trade agreement to the House floor for a vote. 

The letter can be found here

Dear Speaker Pelosi:

The undersigned Republican Members strongly urge you to ensure that the House of Representatives takes up and passes the U.S.-Mexico-Canada (USMCA) trade agreement this year.

November 19, 2019 Press Release

Rep. Chip Roy released the following statement Tuesday evening: 

Today I went down to the House floor and objected to a House Rule being adopted by unanimous consent. This Rule would have set up consideration of the continuing resolution (CR) from Friday, Nov. 22 through December 20. Why did I object? I’m tired of the people of this body carrying out these “swamp tactics.”

November 12, 2019 Press Release

For Immediate Release: November 12, 2019
Contact: Robert Donachie 202.225.4236

WASHINGTON--Rep. Chip Roy introduces legislation to place debt clocks in the main meeting rooms of the House Budget Committee and House Appropriations Committee:

September 19, 2019 Press Release

WASHINGTON--Rep. Chip Roy released the following statement Thursday regarding H.R. 4378, "Making continuing appropriations for fiscal year 2020, and for other purposes.”

Today, we passed a short-term CR designed to time out right before Thanksgiving to maximize pressure to rack up more debt. 

May 24, 2019 Press Release

WASHINGTON--Rep. Chip Roy released the following statement regarding his objection to a UC vote the disaster supplemental: 

“Today I stood to object to the Unanimous Consent of a $19.1 billion dollar emergency supplemental bill that has been languishing for over 8 months because Speaker Pelosi would rather play politics on impeachment than do the work of the people.

 

May 8, 2019 Press Release

WASHINGTON--Rep. Chip Roy, along with 41 of his Republican colleagues, is sending the following letter to Speaker Nancy Pelosi Friday requesting she only bring forward spending measures that adhere to the budget caps for FY 2020 and 2021.