Two dozen Republican senators warned President Joe Biden that they won’t support increasing the debt ceiling without spending cuts and structural reform in spending to tackle the nation’s $31 trillion debt crisis.
The letter was led by Sen. Mike Lee (R-Utah) and co-signed by 23 other GOPs, including Sens. Marsha Blackburn (R-Tenn.), Ron Johnson (R-Wis.), Mike Braun (R-Ind.), Tedd Budd (R-N.C.), Ted Cruz (R-Texas), Rick Scott (R-Fla.), Rand Paul (R-Ky.), Mike Crapo (R-Idaho), James Risch (R-Idaho.), John Barrasso (R-Wyo.), and James Lankford (R-Okla.).
“It is the policy of the Senate Republican conference ‘that any increase in the debt ceiling must be accompanied by cuts in federal spending of an equal or greater amount as the debt ceiling increase, or meaningful structural reform in spending,'” the group wrote. “We intend to stand by that policy.”
As examples of meaningful reforms, the lawmakers pointed to the Prevent Government Shutdowns Act and the Full Faith and Credit Act.
Criticism
In their letter, the group of GOP senators also criticized the Biden administration, saying that the nation’s fiscal policy “is a disaster.”“Our country owes $31 trillion, a level of debt that now well exceeds the size of our economy,” the GOP senators continued. “Inflation is making life more expensive for American families every single day.
“Meanwhile, your administration is directing federal agencies to continue to spend billions in taxpayer resources, expanding the size and scope of the IRS to go after families and small businesses, policing the speech of Americans on social media, funding equity programs in the military, and pouring money into programs for a pandemic that your administration has declared over.”
“Americans are keenly aware that their government is not only failing to work for them—but actively working against them,” the GOP senators said.
Risch, in a Twitter post sharing the letter, said it was time to reduce excessive spending.
Debt Ceiling
The letter comes as Biden is scheduled to meet with House Speaker Kevin McCarthy (R-Calif.) on Feb. 1 to discuss spending and debt limit.“I mean, if you read our commitment to America, all we talk about is strengthening Medicare and Social Security. So, and I know the president says he doesn’t want to look at it, but we’ve got to make sure we strengthen those,” McCarthy added.
However, he added that defense spending, including military aid to Ukraine, could face cuts.
“The president will ask Speaker McCarthy if he intends to meet his Constitutional obligation to prevent a national default, as every other House and Senate leader in U.S. history has done,” the White House said. “He will underscore that the economic security of all Americans cannot be held hostage to force unpopular cuts on working families.”