Utah Valley Times

U.S. Senators Mitt Romney (R-UT) and Joe Manchin (D-WV) have issued a statement calling on their colleagues to prioritize passing the bipartisan Fiscal Stability Act, as the national debt of the United States surpasses $34 trillion. The senators emphasized the urgency of the situation, pointing out that the country's debt burden is growing at an unprecedented rate.

"Years of fiscal irresponsibility have resulted in the catastrophic debt we face today, which now exceeds $34 trillion – double what it was just ten years ago," said Senator Romney and Senator Manchin. "Our debt burden is not only unsustainable, but it is also growing at a rate never before seen in the history of this country. In fact, in a matter of years, the money that the United States spends to service the debt will be greater than what it spends on anything else."

The senators highlighted the detrimental effects of this debt on the nation's economic and national security, as well as its international standing. They stressed that partisan politics must take a backseat to addressing this financial emergency.

"As we make our New Year's resolutions for 2024, we are once again urging our colleagues on both sides of the aisle to support the Fiscal Stability Act," the senators stated. The legislation would establish a bipartisan and bicameral fiscal commission tasked with identifying solutions to achieve a sustainable fiscal outlook.

According to the senators, the future of the nation depends on taking action to rein in the debt crisis. Failing to act now would burden future generations with an insurmountable barrier to achieving the American Dream.

The Fiscal Stability Act, which the senators are advocating for, aims to address the nation's debt crisis through the creation of a fiscal commission. This commission would be responsible for finding solutions to bring the country back to a sustainable fiscal outlook. The complete text of the legislation can be found on the official government website.

In conclusion, Senators Romney and Manchin have issued a call to their colleagues to prioritize passing the Fiscal Stability Act. The national debt of the United States has surpassed $34 trillion, and urgent action is needed to address this financial emergency. The future of the nation and the well-being of future generations depend on reining in the debt crisis and finding sustainable solutions.

To find out more, go to this link: https://www.romney.senate.gov/romney-manchin-urge-colleagues-to-pass-the-fiscal-stability-act-as-national-debt-surpasses-34-trillion/