(RightIsRight.co) – In a recent press briefing, White House Press Secretary Karine Jean-Pierre discussed America’s ever-growing national debt, which has reached a historic number.
In a statement sure to outrage fiscally conservative Republicans, she attributed the record-breaking $34 trillion debt largely to Republican tax cuts.
Jean-Pierre stated, “If you look at that data, there’s a trickle-down debt. If you think about it, Republican tax cuts are responsible [for] about 90% of it — of the increase in the debt as a share of the economy over the last two decades, excluding emergency spending.”
Jean-Pierre also highlighted the actions taken by the Biden administration to address this debt.
She said, “What [Joe Biden] has done to … lower the debt, he signed a legislation to lower the deficit by $1 trillion.”
She further referenced the Inflation Reduction Act, emphasizing its role in reducing prescription drug costs and cracking down on wealthy tax cheats. Jean-Pierre added that Biden’s agenda would further reduce the deficit by $2.5 trillion by making the wealthy pay their fair share.
Contrasting this with Republican policies, Jean-Pierre criticized their approach, stating, “What they’ve [Republicans] tried to do is continue to give a tax break to the millionaires and the billionaires and that — what they have actually put forward would add more than $3 trillion to the debt.”
This discussion on national debt and fiscal responsibility comes against the backdrop of a politically charged atmosphere in Washington.
The recent report by the U.S. Treasury Department on the nation’s finances has brought this issue to the forefront, amidst concerns of potential government shutdowns without an annual budget agreement.
A temporary lifting of the nation’s debt limit until January 2025 has been agreed upon, staving off a historic default, but also highlighting the need for a more permanent solution to the fiscal challenges.
