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.
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More on Budget
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.
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.
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.