The Committee for a Responsible Federal Budget estimates that the infrastructure bill will add about $400 billion to federal debt. The debt is already near an all‐time high, and further increases will raise the risks of triggering a financial and economic crisis.
Saturday, 18 Republican senators voted to proceed with the infrastructure bill, even though many of those same senators have been talking for years about the dangers of debt and overspending.
Here are comments about fiscal responsibility from the Senate websites of some of the 18 members:
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Even aside from the debt impact, the infrastructure bill is misguided for many reasons….
Infrastructure Bill: a Green Light to Red Ink Despite Promises
Other People’s Money