Chairman Arrington: There Are Serious Cracks in America's Fiscal Foundation

Statement

Date: Aug. 1, 2023
Location: Washington, DC

"You can't burn through an unprecedented eleven trillion dollars igniting an inflationary firestorm without setting off the fiscal fire alarm.

With annual deficits projected to double and interest costs expected to triple in just ten years, our nation's financial health is rapidly deteriorating and our debt trajectory is completely unsustainable.

This is a wake up call to get our fiscal house in order before it's too late."


Source
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