U.S. Senator David Perdue (R-GA) joins David Westin on Bloomberg TV to discuss the $21 trillion national debt crisis and Congress’s failure to fully fund the government on time.
Perdue’s message comes after the Senate approved a sweeping $854 billion spending bill to avert a September 30 government shutdown. The spending extends the fiscal shutdown of the government to December 7th.
The Senate voted overwhelming 93-to-7 to pass the spending bill, which did not include funding for Trump’s border wall. Senate Perdue voted no on the measure and called the spending bill “irresponsible” and does not take care of all the President’s priorities.
The Senate worked through the August recess to fund the government passed the looming September 30 shutdown.
Perdue, along with other Senators, look to create legislation to modify and correct the budget process in November.
Broken Funding Process: “Two days ago, the Senate voted to pass another continuing resolution. This is ridiculous. The Senate got 90% of discretionary spending funded, and now we’re kicking the can down the road. This is totally irresponsible. People in the real world can’t do this, but this is a release valve Congress has used 184 times.”
Real World Consequences: “In business, you don’t have the opportunity to not face tough decisions. Unfortunately, in Congress, you have a release valve, and it’s the insidious continuing resolution. The President is fed up with this process, and frankly so am I. We can do better for the American people, and they demand it. That’s how President Trump got elected, and frankly, it’s how I got elected.”
Bipartisan Budget Solutions: “We fought for the past three years, with the help of former Senators Trent Lott and Tom Daschle, to form a select committee. By November, we will hopefully have a bill to change the way we do this. Congress’s funding process is broken. In the last 44 years, Congress has only fully funded the government on time four times. It’s outrageous, and it’s got to be fixed now.”
Tackling National Debt: “If we don’t get serious, we will get to a point where we can’t deal with our national debt. Social Security, Medicare, and Medicaid need to be saved. They’re the big problems of this runaway expense over the next decade.”
Early Economic Success: “What we have done is turn the tide. Under President Trump’s agenda we are growing the economy. We’ve focused on regulations, energy, tax, and Dodd-Frank. We have released $6 trillion back into the economy. We haven’t even seen the real benefits of that yet, the tax changes are just beginning to kick in.”