Op-Ed: Big spending feeds the DC Swamp
Big spenders in Washington have run up more than $20 trillion on our nation’s credit card with no plan to pay it back. The debt limit is a legislative tool that gives Congress the opportunity to examine how current policies affect spending, deficits, and debt — and correct course before a crisis hits. However, Congress has gotten into the bad habit of approving debt-limit increases without a single fiscal reform or spending cut.
Since I first ran for Congress, I have been a leading voice explaining why spending, deficits, and debt matter. Two weeks ago, I was appointed by Speaker Paul Ryan to serve on the Speaker’s Debt Ceiling and Deficit Reduction Working Group with a small group of my colleagues.