(Just The News)—Sen. Ron Johnson, R-Wis., said Thursday that the U.S. is mortgaging the next generation’s future as the U.S. is on track to spend $89.3 trillion over the next 10 years.
“We’re mortgaging our children’s future,” Johnson said on a Just the News special with the Association for Mature Americans (AMAC). “It’s wrong. It’s immoral. It’s gotta stop. There you go. That was my campaign theme in 2010 that got me elected. It’s been my primary focus again.”
Johnson has been one of the Republicans in the Senate opposed to President Donald Trump’s “big beautiful bill” that passed the House earlier this month. Johnson, like some other Senate Republicans, is opposed to the bill because of concerns about how much it will increase the deficit. The Department of the Treasury says that the country’s deficit is $1.05 trillion for the fiscal year 2025. The bill also includes key factors of the president’s agenda, such as no taxes on tips, increased border security funding and extending the president’s 2017 tax cuts.
Johnson said when he was elected to the Senate in 2010, the debt was only $14 trillion. “Now it’s $37 trillion,” Johnson said. “The current CBO estimate, the most recent one-they have projects spending $89.3 trillion over the next 10 years, incurring another $22 trillion worth of deficits. That means $2.2 trillion per year.”
Johnson said the government doesn’t have a revenue problem, but a spending problem.
- Read More: justthenews.com
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