pResident Joe Biden celebrated his two-year anniversary in the White House this week, but one Republican lawmaker says it was just full of “useless spending.”
“I’m an Afghanistan veteran who believes that our country is much worse off in the last two years than it was during the four years that Donald Trump was in office,” Rep. Jim Banks (R-IN), who Recently. announced his candidacy to replace Sen. Mike Braun (R-IN) and has been receiving endorsements, he told Fox Business on Friday.
“We went from America first to America last. I want to be part of the next generation of young conservatives in the Senate who are there to shake it up,” he added.
JIM BANKS WATERS IN ENDORSEMENTS AFTER JUMPING INTO INDIANA SENATE RACE
Treasury Secretary Janet Yellen revealed on Thursday that the United States had reached its debt ceiling, which could cause the country to default on its obligations. Banks, who previously chaired the Republican Study Committee, has long pledged to tackle the Biden administration’s debt.
“Joe Biden, this president, this administration, has spent more money than any president in the history of our country. They’ve added $5 trillion in two years to deficit spending,” Banks said, adding that could put the US on a trajectory to add another $10 trillion to the debt over the next decade.
“The whole reason we have a debt limit is to force us to do something about it,” he told host Larry Kudlow.
Banks said he believes voters gave Republicans the House majority to use their influence to combat Biden’s wasteful spending.
“We have to fight against the fight. We can’t turn this one around. … We are at this point, at this point of crisis, where it matters,” he said.
House Speaker Kevin McCarthy has agreed to meet with Biden to discuss a possible increase in the debt ceiling. The Indiana Republican celebrated the news, saying “it’s so important” that McCarthy take the GOP’s demands to the president and not back down.
“I’m proud of President McCarthy for drawing the line in the sand, saying we’re going to fight and demand spending reforms. That’s the point of having a debt limit,” Banks said.
“Now we need to use the leverage of this moment to get us back on a path to reduce unnecessary spending and get America back to a fiscally healthy place,” he said.
Banks announced his Senate bid earlier this week after Braun entered the Indiana governor’s race. He told the Washington Examiner that he is looking to bring a “new brand” of conservatism to the upper house.
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“We need conservative senators who will fight radical Democrats instead of playing along with them, and that’s the kind of leadership I offer in the House, but I can do even more in the Senate,” he said at the time.
In one of his first acts in the 118th Congress, Banks predicted the start of an “anti-woke caucus” that would “uproot wokeism in corporate America, in our government, in our schools.”
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