Ridgewood NJ, According to Rep Scott Garrett (NJ CD5) ,”Washington just can’t stop spending your money”. The Congressional Budget Office (CBO) released a report this week that confirms our national debt is spiraling out of control even faster than previously thought. This new projection paints a bleak picture of the United States’ finances as the CBO estimates that deficits will grow for the next ten years, starting with an additional $56 billion in 2016 alone.
Rep. Scott Garrett lays the blame for slow economic growth and slipping standards of living that are hurting the middle class on deficits, “Lack of economic growth and ever-growing deficits are yet more indications that Washington-first policies are not working. Every year the government spends more money than it takes in, adding more money to our national debt and increasing the threat of a fiscal crisis. We already feel the effects of a sputtering economy in towns across New Jersey’s Fifth District as families struggle to get ahead and create a better life.”
Democrats argue that we need tax increases to balance the budget. In reality, hardworking Americans shouldn’t shell out another penny while Washington continues to spend with no regard for the future of our country. Garrett reminds us ,”The problem isn’t that Americans don’t send enough money to Washington; the problem is Washington spends too much. ”
Garret goes on , “I support balancing the budget like every family has to. To start paying down the debt, we need to cut wasteful spending and hold the government accountable. As a senior member of the House Budget Committee, one of my biggest priorities in Congress is making sure the government lives within its means. My amendment to the Republican Budget calling for sensible spending reforms was the only amendment to gain the support of the full Budget Committee.”
Rep. Garrett summarized , “Spending more money than we have is dangerously short-sighted and continues to stifle the economic future of our country. I will continue fighting to rein-in Washington’s out-of-control spending so our children and grandchildren can have an opportunity to achieve their own American Dream.”
