WASHINGTON – The U.S. House of Representatives passed the Limit, Save, Grow Act of 2023, cosponsored by Congressman Bruce Westerman – a sensible solution to raise the debt ceiling and avoid defaulting on our debt. The legislation will establish spending levels for FY24 at FY 22 levels and allow for 1% annual growth over the next ten years. The Limit, Save, Grow Act is estimated to save taxpayers nearly $4.5 trillion. Congressman Bruce Westerman released the following statement:
“Our nation has a debt problem, and hardworking Americans are paying the price. Since we hit the debt limit in January, I have said time and time again that we cannot simply raise the limit without making sensible, proactive changes to our government’s reckless spending of taxpayer dollars. House Republicans took action with the Limit, Save, Grow Act, which will limit irresponsible government spending, save taxpayer dollars, and ultimately grow the American economy. House Republicans are serious about strengthening our economy so we can end this cycle of out-of-control debt; it’s time President Biden and my colleagues on the other side of the aisle follow suit. It’s long overdue that we get America back on the right fiscal track.”
For more information on the Limit, Save, Grow Act of 2023, click here.
Original source can be found here.