One of the reasons I ran for office was to save this country from bankruptcy. Our nation is more than $30T in debt. The current course of excessive borrowing and spending is totally unsustainable. Congress must closely examine all federal spending programs for ways to achieve cost savings. Here are some of the things I have been doing in Congress to get our fiscal house in order:
- Voted for the Limit, Save, and Grow Act, which will rein in reckless spending in Washington that contributed to record inflation, rising interest rates, supply chain shortages, and instability in the banking system. This bill will set spending levels for FY24 at FY22 levels and allow for 1% annual growth over the next 10 years.
- This legislation saves our government $71B by defunding President Biden’s new army of 87,000 IRS agents that are being hired to target lower-and-middle income families and small businesses.
- The Limit, Save, and Grow Act saves $50-$60B by recapturing all unspent COVID-19 relief funding.
- Finally, this legislation saves as much as $1.2T by repealing green energy tax credits and subsidies.
- I’ve also voted in support of a balanced budget amendment to the U.S. Constitution. This reform would require the federal budget to balance unless Congress passes votes with three-fifths majorities in both the House and Senate to override the balanced budget requirement in a given fiscal year.
More on Spending and Debt
April 2024
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4/10/24 | Barr Releases Statement on the Unaffordability of Bidenomics |
December 2023
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12/15/23 | Rep. Barr’s Introduces UDAAP Reform Legislation |
October 2023
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10/16/23 | Barr Leads Letter Demanding Transparency Regarding Leaks of Confidential Supervisory Information at the Federal Reserve |
September 2023
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9/8/23 | Barr Releases Statement on U.S. District Court UDAAP Ruling |
August 2023
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8/14/23 | Barr Hosts Financial Crimes Enforcement Networking Event |
June 2023
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6/14/23 | Barr Questions Director of CFPB Rohit Chopra in Semi-Annual Report of the Bureau of Consumer Financial Protection Bureau |
December 2022
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12/23/22 | Barr Opposes Nearly $2 Trillion Democrat Spending Bill |
October 2022
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10/20/22 | Barr Calls on FSC Vote on the TABS Act Following Fifth Circuit CFPB Ruling |
August 2022
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8/24/22 | Barr Slams Biden’s Student Loan Bailout |
8/12/22 | Barr Opposes “Inflation, Recession and IRS Army Act” |