Rep. Fleischmann Claims the BBB Will Not Necessarily Increase the National Debt by the Trillions

EXCERPT:

FLEISCHMANN: "Well, not necessarily. If we have the growth and growth of revenue because of reduced access, remember, in my ethos, reduced taxes on hardworking Americans will ultimately mean more money for the Treasury, because people will be incentivized to go out and work more. But until America — and we are not ready right now, whether it‘s Republicans, Democrats or independents or in any of the branches, to address the real drivers of our debt, which is mandatory spending, we will not see any type of abatement. The numbers, people my age are going on Social Security at 10,000 a day. At some point in time, the baby boomers will age out and we‘ll have a situation where younger people — the dynamics will change. But for right now, for the next decade or so, we‘re going to see increased deficits just based on mandatory spending, unless we‘re willing to make some type of reforms to that. The political will is not there. It was not — it was not going to be there in this bill. If you heard my Democratic colleagues, at first they were screaming about Medicare. It was not touched. It is safe. It is going to be safe for our seniors. This is not scare tactics. The reality, Wolf, is we‘re going to grow this economy. We‘re going to move our country forward. But we do need to all work together, I think, at some point to get us in a better place fiscally for our long-term debt."