Every dollar that the United States government adds to our national debt to fund today’s spending is a dollar stolen from the next generation. Our current national debt stands at over $29 trillion. To put that in perspective, that level of debt equates to approximately $225,000 per U.S. household.
The United States Government collected a record $3.4 trillion in taxes and other revenue in FY 2019. This should be enough to cover the federal government’s obligations to defend the homeland, address infrastructure, and provide for a basic social safety net. However, Democrats seem to have a spending addiction—and they use YOUR tax dollars to fund projects that serve special interests at the expense of hardworking Americans.
The massive increase in government spending has another harmful effect on Americans. U.S. Treasury bond sales cannot keep pace with the rate of spending. Therefore, the Federal Reserve is manipulating the money supply by also “printing money” through quantitative easing and other tools. The effect is to devalue the currency, threaten the dollar’s status as the world’s reserve currency, and deflate the value of Americans’ savings. Congress needs to reduce and cut spending, and such experiments in modern monetary theory need to be terminated.
Cosponsored Legislation
H.R. 417 - Recognizing the national debt as a threat to national security
Other legislative actions
Voted for H.J. Res. 2 - Proposing a balanced budget amendment to the Constitution of the United States
More on National Debt & Government Spending
March 2021
Date | Title |
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3/1/21 | Letter to the Editor: The Federal Reserve Is Financing Future Debt Problems |
February 2021
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2/26/21 | Davidson Opposes Bloated 6th COVID Package |
December 2020
Date | Title |
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12/17/20 | A do-nothing Congress kicks the can down the road once again |
October 2020
Date | Title |
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10/1/20 | Davidson Votes Against Irresponsible HEROES Package |
June 2020
Date | Title |
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6/4/20 | Davidson Introduces Bill to Free Up CARES Funding |
May 2020
Date | Title |
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5/15/20 | Davidson Opposes Pelosi’s Trillion Dollar Wish List |
February 2020
Date | Title |
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2/10/20 | Davidson Assesses White House Budget |
December 2019
Date | Title |
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12/17/19 | Rep. Davidson Rejects Bipartisan Spending Plan |
November 2019
Date | Title |
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11/19/19 | Rep. Davidson Votes Against Bankrupting America |
April 2019
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4/29/19 | U.S. Chamber Honors Rep. Davidson with Spirit of Enterprise Award |