Debt and Deficit
Our national debt should be a frightening number to all Americans, and especially all lawmakers. Washington has a spending problem and we must act to restore fiscal responsibility. Congress needs a healthy dose of Wisconsin commonsense. Families in our state know how to balance their checkbooks, and it’s time Congress does the same. We need to find common ground on addressing our mounting fiscal challenges.
More on Debt and Deficit
JANESVILLE, WISCONSIN—Congressman Bryan Steil (WI-01) released a statement on skyrocketing consumer prices, rising five percent from one year ago. According to the U.S. Department of Labor’s report, this is the highest annual inflation rate since the Great Recession.
JANESVILLE, WISCONSIN—Congressman Bryan Steil (WI-01) released a statement following the release of President Biden’s $6 trillion budget, increasing federal spending to World War II levels.
WASHINGTON, D.C.—Congressman Bryan Steil (WI-01) released a statement after voting against the Biden Bailout Bill.
JANESVILLE, WISCONSIN—Bryan Steil (WI-01) is working to make federal spending more transparent. Steil introduced H.R. 7602, the Fiscal Transparency Act, to create online financial profiles for each federal agency on USAspending.gov. The National Taxpayers Union (NTU) has endorsed Steil’s bill. Representatives Glenn Grothman (WI-06), Tom Tiffany (WI-07), Lance Gooden (TX-05), and Vicky Hartzler (MO-04) are original cosponsors of the bill.
JANESVILLE, WISCONSIN—Bryan Steil joined eight of his House and Senate colleagues, Republicans and Democrats, to ask the Administration to increase oversight and prevent economic impact payments from being made to deceased individuals. Steil also cosponsored H.R. 2543, the Stopping Improper Payments to Deceased People Act.
WASHINGTON, D.C.—Today, Bryan Steil released a statement following the release of the nonpartisan Congressional Budget Office’s economic outlook for the next ten years. CBO projects the national debt will rise to $31.4 trillion by 2030.
U.S. Rep. Bryan Steil, R-Wis., a statement following the nonpartisan Congressional Budget Office's report on the economic forecast for the next 10 years.
The CBO today increased its projections for this year's federal deficit by $63 billion and increased its forecast for deficits over the next decade by $809 billion. Deficits exceeding $1 trillion will kick in beginning next year and will average about $1.2 trillion annually over the coming decade.
KENOSHA, WISCONSIN—Bryan Steil released a statement following the nonpartisan Congressional Budget Office’s report on the economic forecast for the next ten years.
WASHINGTON, D.C.—Tonight, Bryan Steil delivered a floor speech on the need for a budget resolution. House Leadership has indicated they will not produce a budget, neglecting one of Congress’ constitutional responsibilities. You can watch and download a video of the floor speech here.
Full text of floor speech is below:
Mr. Speaker,
Where is the proposed budget plan?