nearvideo congressional Republicans declare $22 trillion debt is a threat to the security of
Congressional Republicans declare $22 trillion in debt a threat to security before 1. March Debt Ceiling Deadline.
Congressional Republicans plan to introduce, to explain the resolutions on Tuesday that the nation’s debt, which topped $22 Billion earlier this month – a security threat prior to this week ceiling the debt period.
“We introduced this resolution because the United States is racing towards a “fiscal cliff”,” REP Andy Biggs, R-Ariz., who is the Sponsor of the legislation, said. “The Congress is taking some measures to solve this problem, and it is time for our colleagues in the two chambers are serious about balancing the nation’s budget and recognize this Problem as a threat to our national security.”
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A similar resolution was introduced in the last year, on the house side, but this time, sponsors were able to get some support from Senate colleagues. Biggs has, in cooperation with Sen. David Perdue, R-Ga. — a vocal supporter for the management of the debt, even a debt clock in his office-on a similar resolution in the upper chamber.
“The greatest danger to our national security, our national debt is, and it is time that Washington comes to grips with the reality that,” Perdue told Fox News. “This month, our national debt topped $22 trillion U.S. dollars. This message should have sounded alarms in Washington, but bureaucrats and politicians career, not even the blink of an eye.”
The house resolution is to not only recognize the debt as a national security crisis, but also the restoration of the so-called “regular order” of the appropriations process and the address of the “fiscal crisis”, the text of the statement provided by Fox News. The bill has 37 original co-sponsors, and the wax is still looking for co-sponsors in the Senate.
The measure comes as the debt deadline looms quilt in Washington again, this time however in 1. March deadline is not bells sounding the alarm. The Treasury Department, it is expected that the available cash on hand, the fight to Fund the government through the summer, so to avoid that, the legislature, the level of debt that this time around, according to analysis from the Bipartisan Policy Center.
“The Congress is a bit of room to breathe with this latest suspension,” Shai Akabas has bought, BPC’s Director of the economic policy, said in a statement earlier this month. “But that does not mean that the legislature should ignore, is to limit the debt, until the next critical deadline.”
The Republicans, many of whom were elected on fiscal issues and a strong commitment to addressing the national debt, have been accused of hypocrisy, now that a member of their own party in the White house. Even in their own ranks, the members have accused the leadership of the party, the task of tax principles.
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Sen Rand Paul, R-Ky., exhorted his colleagues in the last year over the budget and spending increases. His opposition led to a brief government shutdown.
“If you are against President Obama’s deficits, and now they are not for the Republican deficits, this is the definition of hypocrisy?” Paul said in the Senate last year. “Don’t you remember when the Republicans howled to the sky, that President Obama is spending us into the gutter and spend us into oblivion?”
A leader in the national security community their concerns known about the massive debt. Director of National Intelligence, Dan Coats listed the debt as a national security concern, last year, in a hearing before the Senate Intelligence Committee.
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“This situation is not sustainable, as I think we all know and poses a serious threat to our economy and national security,” coats said.
Whether the new resolutions will bring the debt issue to the political forefront remains again unclear, but the sponsors say the resolutions, it is addressing you.
“Ultimately, the debt is not impact on our ability to Finance priorities, such as our men and women in uniform with the resources they need to protect Americans,” Perdue said. “This debt crisis will only get worse, and if we don’t act now, the country will lose the ability to do the right thing.”