April 26, 2023 Press ReleaseToday, Congressman Andy Biggs (R-AZ) issued the following statement after voting against House Republican Leadership’s paltry debt ceiling legislation titled the Limit, Save, Grow Act. This legislation would raise the debt ceiling by $1.5 trillion or through March 31, 2024, whichever comes first, while failing to address or reduce our $31.4 trillion national debt.“Whether you drive off a cliff at 60 miles per hour or 80 miles per hour, the end result is the same: a horrific crash. That’s what we’re presented with today. The Limit, Save, Grow Act is touted to “save” $4.8 trillion. In reality, it merely reduces the 2033 projected national debt from $52 trillion to around $47 trillion.“The Limit, Save, Grow Act doesn't eliminate our need to borrow money and barely bends down the growth of our national debt. Capping spending at FY2022 levels – levels that were inflated dramatically during COVID and would still exceed our annual revenues – is not aggressive enough.“At the bare minimum, this legislation should have returned federal spending to FY 2019, pre-COVID levels, which would allow us to spend within our means. It isn’t the panacea but it will bend the trajectory down and start correcting the problem. “Our national debt is a top national security threat. I have never voted to raise the debt ceiling in my time in Congress – even while President Trump was in the Oval Office – and didn’t today for the same reasons.“We owe the American people and our future generations sound and responsible fiscal policy. Increasing the national debt to “only” $47 trillion over ten years – an increase of over $14 trillion from today – is misguided and perpetuates Washington’s spending problem."