Watchdog Warns of Excessive and Irresponsible Spending While Ignoring the Debt Ceiling

For Immediate Release                                                                                               Contact: Courtney Mattison (202-525-7492) 

July 29, 2021                                                                                                                                                                 

WASHINGTON, D.C. –  Following the release of a $1.2 trillion bipartisan deal on infrastructure spending, the Taxpayers Protection Alliance (TPA) remains concerned about the reckless spending in the bill and prospects for even more substantial spending bills in the coming months. Of particular concern is the reported $3.5 trillion spending package Democrats are discussing passing through reconciliation with tax increases.

TPA President David Williams offered the following comments:

“By any metric, $1.2 trillion is an enormous sum of money, even for the federal government. While some of this spending may be prudent investments in infrastructure, Congress will be tempted to load up the infrastructure spending with pork-barrel earmarks. And, to think that an additional $3.5 trillion is warranted at a time when the national debt is rapidly approaching $30 trillion and the Treasury is actively employing extraordinary measures to service our debt is completely detached from reality. The economy is battered and bruised from the COVID crisis. We simply cannot afford to continue playing chicken with a potential debt crisis.”

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Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy.