(CNS News) -- When asked whether Congress will ever balance the budget and in what year, Sen. Mark Kelly (D-Ariz.) did not answer directly but said the COVID pandemic led to extra federal spending and added that corporations need to pay their taxes to help fund the budget.
On Wednesday at the U.S. Capitol, CNS News asked Senator Kelly, “President Biden has presented Congress with a budget that proposes running $14.5 trillion in deficits over the next decade. Will Congress ever be able to balance the budget?”
Kelly answered “Well, I mean, one thing is as we’re coming out of this pandemic. It’s been a very unusual time. Right, so we had to get vaccines in people's arms. We had to develop vaccines. We’ve got to get people back to work. We had small businesses in the state of Arizona, specifically we have 550,000 small businesses. So, we had to make sure that these businesses were going to remain viable so people have jobs to go back to. So, of course, the spending over the last year and a half has been not what we’ve seen previously.”
“As we make decisions about infrastructure which has brought bipartisan support, we need to figure out how to pay for it. Corporations, as an example, have made record profits and a lot of them haven’t paid any federal taxes. So, there are ways we can pay for this. It’s important that we’re responsible with the taxpayers’ money. I’ve been here about six months and I plan to make sure that we are more responsible with the taxpayers’ money.”
Kelly is fairly new to the Senate, as he noted, having replaced former Sen. Martha McSally in a contentious electoral battle.
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.)