Palmer: Pelosi’s $3 Trillion Bill is a Threat to National Security
For Immediate Release
Media Contact: Elizabeth Hance (202) 225-4921
Palmer: Pelosi's $3 Trillion Bill is a Threat to National Security
Washington, D.C. – Today, the House of Representatives voted on the Heroes Act (H.R. 6800), which has been posed as COVID-19 relief legislation, but in reality, is little more than a wish list of far-left priorities that come at a price of $3 trillion. Congressman Gary Palmer (AL-06) released the following statement:
"I opposed the misnamed HEROES Act today because it constitutes a real threat to our national security," Palmer said. "On March 26th, the Federal Reserve Bank of St. Louis reported that our debt-to-GDP was already at 106.8 percent. Since then, Congress added over $2 trillion dollars to that. If this $3 trillion dollar left-wing-dream-come-true bill were to become law, it could likely move our debt-to-GDP to nearly 120 percent by the end of this fiscal year. Debt levels of this magnitude are not sustainable and threaten Social Security, Medicare, household income and most critically threaten our national security.
"Once upon a time, there was bipartisan agreement about this. Former Secretaries of Defense across multiple administrations all warned that our debt will compromise our national security capabilities. It is foolhardy for the current Democrat majority to ignore the warnings that the single biggest threat to our national security is our national debt. America has enemies, and despite the illusions of some, China is foremost among them. If this bill became law, it would undermine our ability to maintain our military superiority over China. China is carrying out a long-term strategy to defeat the United States and replace our nation as the dominant world power. Undermining our economy and forcing us into a massive debt trap will expedite their ascension.
"We are at a pivotal point in our history with some very tough decisions to face, not the least of which involve restarting our economy while also maintaining the level of government needed to serve our communities, states, and nation. This bill does not solve the problems ahead, but compounds them and puts the whole country on the same reckless fiscal path as failed states such as California and New York."
###