The U.S. Senate has passed both a $1 infrastructure bill and a $3.5 trillion budget resolution. Congressman Gary Palmer, R-Alabama; U.S. Sen. Tommy Tuberville, R-Alabama; and Congressman Barry Moore, R-Alabama, all released statements condemning the Democrat’s spending bill, which they say will fuel the rapidly rising inflation that is threatening the economic recovery.
The passage of the spending bill follows passage earlier this week of Biden’s $1.9 trillion American Rescue Act ostensibly to stimulate the recovery as the nation moves out of the COVID-19 global pandemic.
“President Joe Biden and the Democrats in Washington seem to be fixated on breaking inflation records they have already set,” Palmer said in a statement. “This $3.5 trillion dollar budget framework will accelerate inflation that has resulted in higher prices Americans are paying for gas and food just as the country is experiencing a record level of job openings that continue to go unfilled.”
Palmer is the chairman of the House Republican Policy Committee.
“The Democrats just passed a $3.5 trillion Budget Resolution,” Tuberville said. “That’s on top of their $1.9 trillion “COVID package” they passed earlier this year, and the $1.2 trillion “Bipartisan” Infrastructure Bill that wasn’t fully paid for. Senate Democrats even admit that their tax and spend spree will add an estimated $45 trillion to the national debt over the next ten years. They want to spend all this money because they have the White House and majorities in the House and Senate. That means they can increase the debt ceiling themselves, and I joined nearly all of my Republican colleagues in the Senate to call on them to accept responsibility.”
“Don’t forget: As inflation continues to soar, Biden is prepared to spend AT LEAST $4.5 TRILLION between the infrastructure bill and budget resolution,” Congressman Barry Moore, R-Alabama, said. “Americans simply can’t afford Democrats’ reckless spending.”
“Democrats are known for their spend-first, ask-questions-later tendencies, but this budget resolution really takes the cake. Democrats are hell-bent on spending $3.5 trillion of the taxpayers’ money on a progressive wish list that includes free college, amnesty for illegal immigrants, and radical climate change policies, just to name a few,” Tuberville said. “Make no mistake: every American will end up paying for these proposals through increased taxes, higher prices at the gas pump, and higher costs at the grocery store as a result of runaway inflation.”
“The American people need to realize just how astronomically absurd a number like 3.5 trillion is – $3,500,000,000,000. Even if you spent $5 million every single day, it’d still take almost 2,000 years to reach $3.5 trillion,” Tuberville said. “That’s the same amount of time between the birth of Jesus Christ and today. We have got to put a halt to this absolutely reckless fiscal policy before we saddle our children, grandchildren, and their children with the back-breaking debt burden of the Democrats’ worst spending dreams.”
“The headlines may paint Senate passage of this partisan budget boondoggle as a ‘win’ for President Biden, but it is a loss for the average worker,” Palmer said. “Even though wages have gone up, the average worker is now earning 2 percent less than what they earned a year ago because of inflation. The House must stop this reckless spending that is hurting American workers and their families and that threatens to undermine the future of our nation.”
The national debt is currently $28.6 trillion and the nation is spending $403 billion a year on interest on the national debt alone. Total federal tax revenue is $3.6 trillion, but the federal government is spending $6.8 trillion a year. If this week’s spending bills are signed into law, which is expected, the national debt is projected to pass $50 trillion in 2025.