The $3.5 trillion budget plan working its way through Congress calls for record-breaking spending and tax increases. It offers trillion-dollar deficits for years to come.

Incredibly, this plan would also double our national debt to the highest level in our nation’s history, putting the United States at risk of a financial crisis. According to the Congressional Budget Office’s 2021 Long-Term Budget Outlook report, the growing public debt could “increase the risk of a financial crisis and higher inflation” and poses “significant risks to the fiscal and economic outlook of the United States.”