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May 31, 2023

Schweikert Statement on the Fiscal Responsibility Act

WASHINGTON, D.C. — Today, U.S. Representative David Schweikert (AZ-01) released the following statement upon House passage of H.R. 3746, the Fiscal Responsibility Act of 2023:

“The inability of the federal government to live within its means has reared its ugly head again this week with a vote to raise the debt ceiling. From the very first day of my time in Congress, I’ve been sounding the alarm about the dangers of nonstop borrowing against our children and grandchildren’s future.

“The United States already borrows 24 cents out of every dollar it spends. Yet, here we are again raising the debt limit to keep the borrowing going. We cannot default on the sovereign debt of the United States, so today I reluctantly voted to increase the debt ceiling to avoid economic calamity that will only hurt the American public.

“While there are some accomplishments in this bill, including House Republicans passing the largest deficit reduction in American history, there is still much more work to be done to restore our nation’s fiscal health. This admittedly imperfect legislation begins the process of solving Washington’s unsustainable spending problems.”

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