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

Jul 26, 2019
Fiscal Responsibility & National Debt
Press

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


Oct 16, 2024
Veterans' Issues

Spanberger to Host Virtual Telephone Town Hall Focused on Issues Facing Virginia Veterans & Military Families

During Monday’s Event, the Congresswoman will be joined by Representatives from the Virginia Department of Veterans Services to Answer Questions Directly from Virginia Veterans WOODBRIDGE, Va. — On Monday, October 21, U.S. Representative Abigail Spanberger will host an open, public telephone town hall focused on issues facing Virginia’s Veterans, military families, and caregivers. Next Monday, Spanberger […]



Oct 16, 2024
Infrastructure

ICYMI: Spanberger, Buttigieg, Warner, Kaine, Connolly Break Ground on Long Bridge Project to Increase Passenger Rail Capacity in Virginia

A $729 Million Federal Investment to Construct a New Long Bridge to Connect D.C. & Virginia Was Made Possible by the Congresswoman’s Vote in Support of the Bipartisan Infrastructure Law ARLINGTON, Va. — U.S. Representative Abigail Spanberger yesterday joined U.S. Department of Transportation (DOT) Secretary Pete Buttigieg, U.S. Senators Mark Warner (D-VA) and Tim Kaine […]



Oct 15, 2024
Education

At Dale City Elementary School, Spanberger Announces New Bipartisan Legislation to Improve Federal Support for Educator Recruitment, Training, & Retention

The “Teacher and School Leader Quality Partnership Grants Act” Would Help School Divisions Receive Federal Funding to Support Teacher & Administrator Residency Programs DALE CITY, Va. — U.S. Representative Abigail Spanberger today — while visiting Dale City Elementary School to learn more about Virginia Commonwealth University (VCU) School of Education’s RTR teacher residency program and their […]