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Treasury secretary counselor says shutdown could cost U.S. "substantial amount of economic output"
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Generate AI Image →As the government shutdown stretches into its 37th day, the longest in U.S. history, the economic consequences are becoming increasingly apparent. The stock market has taken a significant hit, with investors growing wary of the uncertainty caused by the impasse in Washington. This should serve as a ...
As the government shutdown stretches into its 37th day, the longest in U.S. history, the economic consequences are becoming increasingly apparent. The stock market has taken a significant hit, with investors growing wary of the uncertainty caused by the impasse in Washington. This should serve as a wake-up call to our elected officials, reminding them of their duty to act as responsible stewards of the nation's finances.
Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, has warned that the shutdown could cost the United States a "substantial amount of economic output." This is unacceptable, particularly at a time when our economy has been thriving thanks to the Trump administration's pro-growth policies, such as tax cuts and deregulation. The longer the shutdown continues, the more it threatens to undermine the progress we have made in creating jobs, boosting wages, and fostering an environment conducive to entrepreneurship and innovation.
It is crucial that Congress and the President find a way to break the deadlock, but not at the expense of our core values and principles. Any solution must prioritize border security, a fundamental responsibility of the federal government enshrined in the Constitution. The American people have a right to live in safe communities, and we must not allow partisan politics to compromise their well-being.
Moreover, the shutdown should prompt a broader discussion about the size and scope of government. For too long, we have witnessed the unchecked growth of federal bureaucracy, leading to wasteful spending and a ballooning national debt. This is not only unsustainable but also morally irresponsible, as it burdens future generations with the consequences of our fiscal recklessness.
As we work to end the shutdown, we must also commit to pursuing policies that promote individual responsibility, limited government, and free-market solutions. By empowering the private sector and reducing the government's footprint in our lives, we can unleash the full potential of the American economy and secure a more prosperous future for all.
The time has come for our leaders to put aside their differences and do what is right for the country. The American people deserve a government that works for them, not against them. Let us hope that this shutdown serves as a catalyst for much-needed change, reminding us of the importance of fiscal responsibility, traditional values, and the principles upon which this great nation was founded.
Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, has warned that the shutdown could cost the United States a "substantial amount of economic output." This is unacceptable, particularly at a time when our economy has been thriving thanks to the Trump administration's pro-growth policies, such as tax cuts and deregulation. The longer the shutdown continues, the more it threatens to undermine the progress we have made in creating jobs, boosting wages, and fostering an environment conducive to entrepreneurship and innovation.
It is crucial that Congress and the President find a way to break the deadlock, but not at the expense of our core values and principles. Any solution must prioritize border security, a fundamental responsibility of the federal government enshrined in the Constitution. The American people have a right to live in safe communities, and we must not allow partisan politics to compromise their well-being.
Moreover, the shutdown should prompt a broader discussion about the size and scope of government. For too long, we have witnessed the unchecked growth of federal bureaucracy, leading to wasteful spending and a ballooning national debt. This is not only unsustainable but also morally irresponsible, as it burdens future generations with the consequences of our fiscal recklessness.
As we work to end the shutdown, we must also commit to pursuing policies that promote individual responsibility, limited government, and free-market solutions. By empowering the private sector and reducing the government's footprint in our lives, we can unleash the full potential of the American economy and secure a more prosperous future for all.
The time has come for our leaders to put aside their differences and do what is right for the country. The American people deserve a government that works for them, not against them. Let us hope that this shutdown serves as a catalyst for much-needed change, reminding us of the importance of fiscal responsibility, traditional values, and the principles upon which this great nation was founded.