House Budget Committee Chair Arrington: Consequences of Debt
March 06, 2025
March 06, 2025
WASHINGTON, March 6 -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following commentary on March 5, 2025:
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The Consequences of Debt
Our ever-increasing $36 trillion national debt exceeds the size of the U.S. economy--the largest in the world--and has surpassed the historic peak following World War II, with a debt-to Gross Domestic Product (GDP) ratio of 122 percent.
If Congress does not act swiftly to . . .
* * *
The Consequences of Debt
Our ever-increasing $36 trillion national debt exceeds the size of the U.S. economy--the largest in the world--and has surpassed the historic peak following World War II, with a debt-to Gross Domestic Product (GDP) ratio of 122 percent.
If Congress does not act swiftly to . . .