Rep. Cuellar: It is Time to Get our Fiscal House in Order Commenting on the Biggest Monthly Budget Deficit Since 2009

5

Texas Border Business

Washington — Today, Congressman Henry Cuellar (TX-28) released the following statement regarding a report published by the U.S. Treasury Department depicting the biggest monthly deficit since 2009:

“Today, the U.S. Treasury Department released new data showing that the gap between Federal spending and revenues continues to increase, with May yielding the biggest monthly budget deficit in almost a decade. Not to mention that our national debt has officially exceeded $21 trillion, and that’s only considering on-budget debt. When accounting for the off-budget debt – things like unfunded pension obligations and projected spending increases in social safety net programs – the actual debt is much greater. This is simply unacceptable, and it makes it clear that while we continue talks in Congress about the importance of reigning in spending, we still lack the vision and commitment required to balance our budget.

“The reality is that the Administration and Republicans have clearly shown their inability to make fiscally responsible decisions by passing a deficit-financed tax cut that will result in $1.9 trillion in additional borrowing over ten years. As a family man, I believe we have a responsibility to our children and our grandchildren to find a practical, commonsense solution get our fiscal house in order.

“Now, more than ever, this will take members from both sides of the aisle to work together in good faith to tackle our budget problems and reduce the deficit. As a fiscally conservative Blue Dog, I will continue to work with my colleagues to find a long-lasting solution to the country’s fiscal health.”

U.S. Treasury Department data

- Advertisement -