U.S. Rep. Barry Moore is calling on his Republican colleagues to stand strong against raising the debt ceiling until there’s an agreement to cut government spending.
President Joe Biden met with House Speaker Kevin McCarthy at the White House Monday, but currently there is still no deal on increasing the government’s borrowing limit.
Treasury Secretary Janet Yellen has warned that the government could be unable to pay all of its debts as soon as June 1.
Moore discussed the issue Monday on TBN’s “Centerpoint.”
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“[W]e just have to make sure that we claw back the unspent COVID money,” Moore said. “We have to make sure we get spending under control as a nation. Everyday we’re $3.3 billion in debt, and that goes to $100 million a month when you do the math, and so we cannot continue to spend at this rate.”
The congressman said the spending problem in Washington has created an inflation problem for the whole country.
“President Biden produced basically a $7 trillion spending bill with about $4.3 trillion in income,” he said, “and we simply can’t continue that. That’s what creates inflation. When you print money in D.C., the American taxpayer, their dollars to consumers, their dollars just buy less. It’s just ink on paper when we print it. It’s causing problems and it’s causing pain for American families.”
He also said now is the time for Republicans to “hold the line” on this issue.
“We have to hold the line on some of this spending, we have to claw back unspent money,” he said. “We certainly don’t want 85,000 IRS agents harassing the middle class. So those are some issues that I think we have to hold firm on.”
Moore joined the majority of his fellow Republicans in the House, including all of the Alabama GOP delegation, in voting for the “Limit, Save, and Grow Act of 2023,” which raised the debt ceiling, but also includes future spending cuts and work requirements for some government benefits.