Asked whether the federal government spends too much money, Senator John Barrasso (R-Wyo.) said it definitely is because, even though tax revenues keep rising, the government still can’t make ends meet.
Speaking with the senator at the U.S. Capitol Thursday, CNSNews.com asked Barrasso:
“The federal government spent $4.1 trillion in fiscal 2019 and ran a deficit of $779 billion. Does the government spends too much money?”
“Absolutely,” Sen. Barrasso said, crediting Republican tax cuts with increasing tax revenues, because more Americans are working and earning higher wages:
“The government absolutely spends too much money, because revenues are actually up as a result of Republican tax cuts.
“You have more people working, about six million more people working since President Trump took office, so you have more taxpayers. They’re paying lower rates, but overall more tax dollars are coming in because salaries are up, as well.
“Our problem isn’t that we tax too little. Our problem is that we spend too much.”
On July 9, 2019, the U.S. National Debt was $22.02 trillion. Ten years ago, at the end of the fiscal year – Sept. 30, 2009 -- the national debt was $11.9 trillion. At the end of fiscal year 2000, the national debt was $5.6 trillion.