(CNS News) – When asked about President Joe Biden’s budget proposal, which would rack up $14.5 trillion in cumulative deficits over the next 10 years, Senator Joe Manchin (D-W.Va.) said he favors a balanced budget amendment to bring revenue and spending into line. However, he did not say whether Congress ever would accomplish this task.
At the U.S. Capitol on Wednesday, CNS News asked Senator Manchin, “President Biden has presented Congress with a budget that proposes running $14.5 trillion in deficits over the next decade. Will Congress ever balance the budget?”
Sen. Manchin said, “Well, I’ve always been for a balanced budget amendment. As a former governor, I had to do it every day. We can’t continue to pass the debt on, so we have to work for the betterment of our country.”
In a follow-up, CNS News asked Scott in what year will Congress balance the budget, but he did not have time to answer.
President Biden’s budget looks to fund new initiatives in infrastructure, education, healthcare and climate change, among other areas.
As of June 8, the total debt of the federal government was $28,233,539,905,296.77, over $28 trillion.
Under Biden's budget proposal, the federal government will continue to deficit spend (accumulate debt) for at least the next 10 years, with total borrowing hitting a combined $14.5 trillion in 2031.
The New York Times has reported, "President Biden would like the federal government to spend $6 trillion in the 2022 fiscal year, and for total spending to rise to $8.2 trillion by 2031. That would take the United States to its highest sustained levels of federal spending since World War II, while running deficits above $1.3 trillion through the next decade." (Emphasis added.)