Many conservatives harshly criticized the $320 billion budget deal President Donald Trump reached with Democrats, The Hill reported on Tuesday.
The Committee for a Responsible Federal Budget watchdog group estimated that the agreement would cost $1.7 trillion over a decade, and tack on another 5 percentage points to the debt by the end of the decade.
Rep. Mark Walker, who is part of the GOP House leadership, tweeted, "What this budget deal does is ask the credit card company for another $320 billion in credit NOW for the chance to get paid back $75 billion in a decade. No bank would take that. American taxpayers shouldn't either."
The Heritage Foundation, which has played a role in developing some of the administration's policies, blasted the agreement, with scholar Paul Winfree saying it "comes less than four years after President Trump campaigned to balance the budget by cutting spending and after his administration produced three budgets to move toward fiscal sustainability."
He added that if Trump "takes this deal — the worst in a decade — his fiscal legacy will be no different than the Obama and Bush administrations that he has criticized."
Since Trump took office, the debt has increased from just under $20 trillion to more than $22 trillion.
A member of the Freedom Caucus said that "Trump will have set the record for the largest increases in federal spending in the history of our country, surpassing George W. Bush's Republican record."
However, the Republican caucus is unlikely to take decisive action against the agreement, as its leaders, Reps. Mark Meadows and Jim Jordan, are staunch Trump allies and have remained quiet since the deal's announcement.
© 2024 Newsmax. All rights reserved.