Congressman Bill Posey (R-Rockledge) released the following statement regarding the Fiscal Responsibility Act of 2023 and the eleventh hour Debt Limit package:
“Last month the House passed legislation to raise the debt limit while hitting the brakes on reckless spending, regaining our energy independence, boosting our economy by tackling inflation, and taking big steps to rein in the Washington Swamp. This new legislation proposes an even larger increase in the debt ceiling with little substantive change to the way Washington borrows and spends on taxpayer’s credit.
For too long Washington has kicked this can down the road ignoring hard choices while putting future generations at risk. Now, at $31.8 trillion in debt, we are feeling the effects of Washington’s insatiable appetite for overspending as inflation is driving up prices and is eating away at the American dream and our quality of life. Folks at home are looking for Congress to stop this collision course with bankruptcy. It’s disappointing that once again Washington is refusing to address this crisis in a meaningful way.”