Budget and Debt
America’s growing debt is one of the most pressing issues facing our nation. How we respond to America’s growing annual deficits and accumulated debt, appropriations bills to fund the government, the debt ceiling, and how these issues interplay will significantly impact America’s future. The process of reducing debt is not one that can happen overnight, but Washington must wake up and begin addressing this issue immediately.
From day one in office, Congressman Brooks has fought to preserve the long-term financial health of our nation. Brooks has repeatedly called on Congress to cut spending in a major way, and has consistently supported financially responsible, non-defense, spending cuts with his votes. This Congress, Brooks introduced H.R. 3835, Protecting America's Solvency Act, which would only allow for the debt limit of the United States to be raised if Congress passes a Balanced Budget Amendment.
For more information concerning Budget/National Debt issues, please contact Congressman Brooks' Washington, DC office.
Washington, DC— Wednesday, Congressman Mo Brooks (AL-05) delivered a House Floor speech announcing he will vote against a spending bill that helps increase America’s debt by another $2 trillion in just two years, to more than $24 trillion. This additional $2 trillion debt increases America’s annual debt service cost by yet another $40 billion/year (assuming an historically low 10 year treasury bill yield of 2%).
To put a $40 billion/year debt service cost increase into perspective, $40 billion/year is roughly the equivalent of two NASA programs.
Washington, DC— Wednesday afternoon, Congressman Mo Brooks (AL-05) voted “No” on H.R. 2740, the massive 667-page, nearly-$1 trillion Socialist Democrat spending bill.
Congressman Brooks said the following:
“This $1 trillion, four-bill package is a financially reckless cavalcade of calamitous open borders and socialist policies the Republican Senate won’t accept and President Trump has already promised to veto. The bill is an unserious partisan, political statement.”
Washington, DC— Monday, Congressman Mo Brooks (AL-05) implored Washington politicians to avert the impending financial and economic disaster projected in the Congressional Budget Office’s (“CBO”) newly released 10-year budget projections.
Washington, DC— Thursday, Congressman Mo Brooks (AL-05) voted “Yes” on the House Amendment to H.R. 695 that provides $5.7 billion in border wall funding and avoids a presidential veto and government shutdown. The House passed wall funding on a 217 “aye” to 185 “nay” vote, thus sending H.R. 695 to the Senate. Republicans supported wall funding and border security by a 217 to 8 margin. All 178 Democrats voted against wall funding and border security. No Democrat voted “aye.”