March 14, 2025, Fairfax, Va.—Americans for Limited Government Executive Director Robert Romano today issued the following statement supporting the advancement and final passage of the continuing resolution to freeze spending at 2024 levels through Sept. 30:
“Senate Democrats have wisely chosen to join with President Donald Trump and House and Senate Republicans in advancing today’s continuing resolution to freeze spending for the remainder of the fiscal year, which ends on Sept. 30. With the national debt rapidly approaching $37 trillion, which has grown about 8 percent a year since 1980 once wars and recessions are factored in, there is serious doubt about how the U.S. will be able to afford to continue financing that debt in the years ahead. At just this average, historic growth rate of 8 percent a year, by 2035 the national debt could rise to $79 trillion, and by 2038, more than $100 trillion. Who is going to buy all of these additional treasuries?
“That is why today tough decisions must begin to be made, starting with today’s bipartisan continuing resolution. Later, Congress must also work to enact and make permanent President Trump’s Department of Government Efficiency (DOGE) cuts of wasteful spending already identified, now more than $115 billion, when budget reconciliation comes up in the next weeks and months, which will provide more room to secure the border and extend and expand the Trump tax cuts to spur economic growth. By freezing discretionary spending, Congress is also helping to slow inflation, which will ultimately help to bring interest rates lower.
“But more tough decisions remain ahead to address the critical mandatory spending questions that are swamping the budget, where the Social Security and Medicare trust funds will soon be exhausted. We urge Congress and President Trump to find ways to work together in a bipartisan way to reinvest these and other government trust funds to better serve the long-term fiscal health of the nation with a better rate of return — before it is too late and the trust funds disappear — and to address the nation’s long-term fertility crisis and aging population with appropriate tax incentives for more babies. We hope that Congress and President Trump will continue to find ways to work together to support continuing to reduce the deficit and ultimately pay down debt so the nation does not fly off a hyperinflationary cliff, by following its constitutional mandate to promote the general welfare and pay its debts.”
Attachments:
“Democrats Can’t Decide If They Want To Fund The Government Or Not,” By Robert Romano, March 14, 2025 at https://dailytorch.com/2025/03/democrats-cant-decide-if-they-want-to-fund-the-government-or-not/
For media availability contact Americans for Limited Government at media@limitgov.org.
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