- March 14, 2024
Senator Marshall Demands Answers On Crippling National Debt That Our Grandchildren Will Inherit
Washington, D.C. – U.S. Senator Roger Marshall, M.D., who sits on the Senate Budget Committee, demanded answers from White House Budget Director Shalanda Young on the Administration’s abuse of power and budgeting gimmicks and expressed his concern for the historic national debt that will be passed onto future generations.
You may click HERE or on the image above to hear Senator Marshall’s full questioning.
Highlights from Senator Marshall’s questioning include:
Senator Marshall: “Mr. Chairman, today I’m here fighting for my grandchildren’s future, for your grandchildren’s future, for our grandchildren’s future. They’re going to have to live in a world where we’re spending more money on interest than we do on Medicare, on the military, because of our appetite, our unquenched appetite for spending money.”
When their children are going through school, they’ll have less money for good schools, good hospitals, for high speed internet, for a strong military, because of the spending we’re doing today – they will suffer the consequences of this interest.
I want to quote something that you said and you’ve written as well, Director Young. ‘The President’s budget reduces the deficit by $3 trillion over the next 10 years’ I think that’s deceitful. I think it’s disingenuous. You’ve repeated here multiple times, you decrease it from what to what? You decrease it from nineteen to sixteen trillion dollars. Only in Washington D.C., do you make the claim that increasing the cumulative deficits by sixteen trillion dollars, is a decrease. At the end of the day, you’re adding sixteen trillion dollars that my grandchildren will be paying interest on, I think is disingenuous, and I think the American public gets that.
My first question, Director Young, how much money is the federal government going to spend this year?
Shalanda Young: Senator, the budget, as many slides have shown, is about seven trillion dollars.
Senator Marshall: How much do you think we’re going to spend in fiscal year 2024, we’re going to spend about seven trillion and then seven trillion in the next fiscal year. Is that correct?
Shalanda Young: Senator, we haven’t put out a budget for the next fiscal year, but if you’re talking about baselines, if nothing changes, calendar year, 24 outlays will be about seven trillion dollars, this budget year at seven point three trillion.
Senator Marshall: Thank you. I would just point out that from over the last five years, government spending has went up over fifty percent with no end in sight.