Rep. Greg Steube said on Newsmax that the nation’s spending is spiraling out of control and the debt ceiling limit should not have been raised, particularly when Democrats are trying to pass a “socialist welfare program” that will add $5.5 trillion more to the problem.
“This is my second term,” the Florida Republican said Wednesday on ”National Report.” “When I got elected, the deficit was $21 trillion. It’s almost $30 trillion as we sit here today. Just in the last 18 months, our Congress has spent $11 trillion, and just to put that into perspective, we only take in $3.5 trillion a year.”
The House on Tuesday night approved legislation that will allow the current national debt limit to rise to about $28.8 trillion, or by $480 billion. The current national debt is at $28.4 trillion. President Joe Biden is expected to sign the bill, particularly after Treasury Secretary Janet Yellen’s warnings of severe economic problems by Oct. 18.