Steil Reacts to CBO’s 2030 National Debt Projection
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.
“The CBO’s forecast for 2030 is highly concerning. We must take steps now to prevent this from occurring. First and foremost, Congress should not pass reckless spending bills like it has year after year. I continue to work with my colleagues to restore fiscal responsibility in Washington.”
In 2019, Steil voted against the Bipartisan Budget Act of 2019 which increases the deficit by $320 billion and adds $1.7 trillion to the cumulative deficit over the next ten years. Steil also opposed a $1.4 trillion federal spending bill. The national debt has surpassed $23 trillion.