"Well first of all, Maria, we're $38 trillion in debt, he replied. We've averaged $1.89 trillion deficits over the last five years. In the next 10 years, the projection's about $26 trillion from accumulated deficits. We have to address the deficit problem. We are on borrowed time here. So many people are whistling by the graveyard. If we're bringing in revenue through the tariffs, that oughta be applied to reduce the deficit, not just making a cash payment to Americans."
"We can't afford it. I wish we were in a position to return the American public their money, but we're not. Again, we'll have at least a $2 trillion deficit this year. Again, that compares to prior to the pandemic, President Trump had deficits of $800 billion. Obama, his last four years, $550 billion a year. Now, we're $2 trillion? Completely unacceptable. We have to start focusing on that and doing something about it."
President Donald Trump proposed $2,000 payments to most Americans and claimed tariffs on imports are working, requesting payments before the midterm elections and noting congressional approval would be required. Senator Ron Johnson rejected the proposal, citing a $38 trillion national debt, average deficits of $1.89 trillion over five years, and a projected $26 trillion in accumulated deficits over ten years. Johnson argued that revenue from tariffs should be applied to deficit reduction rather than cash payments, emphasized that the country cannot afford $2,000 checks, and called for renewed focus on reducing the deficit.
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