Rep. Arrington: We Should Offset the Tax Cuts with Spending Reductions and Bend That Debt to GDP

EXCERPT:

ARRINGTON: "Well, I think we should count on reducing spending that is runaway, bankrupting levels of spending at $2 trillion in annual deficits that will double in the next 10 years. Half of that $2 trillion is interest on the debt. That will more than double in the next 10 years. So, we have a spending problem. That deficit spending is driving world war levels of debt and will bankrupt the country. So, I think we should offset the tax cuts with spending reductions and bend that debt to GDP.”