WASHINGTON – Sen. John Kennedy (R-La.) today issued the following statement in response to President Biden’s announced budget.
“America’s debt is already economic quicksand, and President Biden’s budget would mire us deeper in that pit by spending more than ever before. With inflation on the rise and the economy re-opened, the Biden administration thinks now is the time to spend trillions of dollars on liberal pet projects while undercutting our national defense. America’s rivals are watching for any sign of weakness, and President Biden’s budget spells out ‘sucker’ in semaphore. If the president wants to strangle a strong economy and saddle the next generation of Americans with crippling debt, his budget follows the right recipe,” said Kennedy.
Biden today released a planned budget for fiscal year 2022. The budget plan includes a 16 percent increase in domestic spending but only increases defense spending by 1.7 percent, a rate that is effectively a funding cut since it does not keep up with inflation.
The U.S. national debt already totals more than $28 trillion.