Spanberger Calls for Transparent Budget, Urges Mindful Fiscal Policy that Recognizes National Debt’s Impact on U.S. Economic & National Security

Yesterday, the Congresswoman Voted Against Budget Legislation that Would Increase the U.S. National Debt by Nearly $2 Trillion & Slow Down Economic Growth

WASHINGTON, D.C. – U.S. Representative Abigail Spanberger today released the following statement after voting against a federal budget bill on the floor of the U.S. House.

“Yesterday, I voted against H.R. 3877, because it would add an estimated $1.5 to $2 trillion to our nation’s debt over the next 10 years. While our nation’s deficit and debt continue to mount—much in part due to the 2017 tax bill that substantially cut federal revenues and benefited large corporations to an outsized degree—I believe it is imperative that we, as a Congress and a country, commit to getting our financial house in order. 

“We are currently responsible for the debt that will one day be our children’s and grandchildren’s to repay. In order to create opportunity and invest in policies that benefit the lives of Americans across our country, we need our nation’s fiscal health to be on stable ground. At a time when the economy is doing well, it is even more worrisome that we are increasing our deficit with no regard towards how to fix it.  

“Congress has an obligation to take concrete steps to improve the handling of our budget. While we should always safeguard the full faith and credit of the United States, we must also work in a bipartisan way to pursue a clean debt ceiling bill, address the disparity between our revenues and spending as a proportion of our GDP, and build a pathway toward a balanced budget.”

###

Recent Posts


Jul 26, 2024
Local Issues

Following Spanberger Push, President Biden Makes Final Nominations to Fill USPS Board of Governors

WASHINGTON, D.C. — U.S. Representative Abigail Spanberger today released the following statement after President Joe Biden nominated Val Demings and William Zollars to the U.S. Postal Service (USPS) Board of Governors. Last month, the Congresswoman pressed President Biden to swiftly nominate members to fill the remaining vacancies on the Board of Governors. “Virginians have suffered some of […]



Jul 25, 2024
Local Issues

Spanberger Presses CSX for Answers Following Fredericksburg Freight Train Derailment

Congresswoman: “The People of Virginia Deserve Nothing Less Than the Highest Standards of Safety & Accountability from CSX” WASHINGTON, D.C. — U.S. Representative Abigail Spanberger today pressed CSX Transportation for answers after a freight train derailed and damaged homes in Fredericksburg, Virginia in Virginia’s Seventh District. On the evening of July 20, 2024, five cars from […]



Jul 25, 2024
Local Issues

On Floor of U.S. House, Spanberger Honors 15 Virginia Athletes Competing in the 2024 Paris Olympics

**DOWNLOADABLE VIDEO: On U.S. House Floor, Spanberger Honors Achievements of 15 Athletes from Virginia Representing the United States at the 2024 Olympic Games** WASHINGTON, D.C. — On the floor of the U.S. House of Representatives, U.S. Representative Abigail Spanberger recognized the remarkable athletes from Virginia who will represent the United States in the 2024 Olympic Games […]