Former Governor Mark Sanford (R-S.C.) called on Republicans to start taking the national debt seriously after a recent report showed massive growth in the annual deficit.
Data released by the Department of the Treasury showed that the deficit has ballooned by $120 billion in July alone, with most of the spending going toward health services and the military.
Federal spending skyrocketed by 23% compared to the same month in 2018, putting the year-to-date deficit at $867 billion compared to $867 billion at this time last year.
As IJR previously reported, Sanford announced nearly a month ago that he would be considering a presidential bid on the issue of government spending. On Monday, Sanford released another campaign-like video, discussing the skyrocketing national debt.
He called on his Republican colleagues to start taking the national debt seriously and curb spending before things take a turn for the worse.
Watch Sanford’s video below:
Below please find a link to our second video. I do believe a financial storm is coming our way if we do nothing to affect our debt, deficit, and spending numbers from Washington. https://t.co/XbR2b64YXE
— Mark Sanford (@MarkSanford) August 12, 2019
“There’s a big storm coming. I say this because our country is in the most precarious financial position that we’ve been at since our founding and the Civil War. Not dealing with it could crush our economy, it could wipe out what we’ve saved, and it could even destroy our republic. We’ve never had so much debt. We’ve never had this much spending. We’ve never had this much of our debt owned by foreign governments — and this is just the beginning of a long, long list of our financial worries.”
Sanford noted that “seemingly no one in Washington is talking about” the debt, highlighting that none of the 2020 debates thus far have included questions about the national debt, though many of the candidates have talked about spending money.
While he did call out Democrats, he noted that Republicans have been quiet on the subject, too. He noted that Americans “have to do something” to pull back the national debt. The former governor added that he’s still considering a presidential bid focused on the issue of spending.
“Some have suggested starting an advocacy group. Others have suggested running in the Republican primary against the president as a way of elevating the issue and changing the debate,” said Sanford, adding, “I don’t know what the answer is.”
If Sanford does decide to get into the race, he will likely face an uphill battle. The only other Republican currently running against President Trump in the primary is former Massachusetts Governor Bill Weld.