Our national debt has reached $33 trillion and is rising, Vivek Ramaswamy said.
Washington:
Republican presidential candidate Vivek Ramaswamy has proposed a zero-based federal budget to resolve the national debt crisis, which currently stands at $33 trillion.
The U.S. national debt crisis is real, and it will take CEOs from outside politics to solve it, he said Monday.
Ramaswamy said, “This is the way to solve the debt crisis: zero-based budgeting. Instead of just defaulting to last year’s budget, start from zero in every department and figure out which (if any) The question is whether such spending is necessary.”
That’s how a good CEO would deal with this mess, he added, and it’s something both Republicans and Democrats can support.
“Unfortunately, there is not a single red state or blue state in this country that actually does that,” Ramaswamy added.
“I built a multibillion-dollar biotech company from the ground up, abandoning the bureaucracy of Big Pharma and developing five drugs that are now FDA-approved,” he said.
“By leading the movement against the ESG bureaucracy, I built an insurgent asset management firm that could compete head-to-head with BlackRock and Vanguard. Now, I am working with the largest federal bureaucracy of all. We are confronting each other.
“Our national debt is $33 trillion and rising. We need a true outsider to solve this. Sign me,” said an Indian American. said the Republican presidential candidate.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
