Senator David Perdue Urges Passage of President Trump’s Spending Cuts
WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joins U.S. Senators Mike Lee (R-UT), Ted Cruz (R-TX), Ron Johnson (R-WI), John Kennedy (R-LA), Rand Paul (R-KY), and Mike Rounds (R-SD) in urging the Senate to pass President Trump’s rescissions bill, which cuts nearly $15 billion in unnecessary spending to tackle the debt crisis.
Watch Senator Perdue's full remarks here.
Not A One Solution Problem: “There is no one solution to this debt crisis. We are not going to cut our way out of this debt crisis, we are not going to spend our way out of it, we are not going to tax our way out of it, and we are not going to grow your way out of it.”
Economic Growth Essential: “We have to grow the economy. Every one percent of GDP growth adds about $300 billion dollars of revenue to the federal coffers.”
Cut Wasteful Spending: “We have to cut spending. The Congressional Budget Office estimates there’s $700 to $800 billion dollars of wasteful spending and uncollected revenue by the federal government.”
Fix The Budget Process: “We have to fix this broken budget process that’s only funded the government four times in the last 44 years. Congress should stay here and fund the government before the end of the fiscal year to avoid another omnibus bill that increases spending.”
Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.
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