Joint Economic Committee Republicans

Official account of the U.S. Congressional Joint Economic Committee Republicans.
Chairman @RepDavid
Vice Chairman @SenEricSchmitt

[Joint Economic Committee Republicans @JECRepublicans]

ICYMI: Chairman @RepDavid joined @KTAR923 Arizona's Morning News to discuss the depleting Social Security Trust Fund, why it is going broke, and what can be done to keep Social Security from becoming insolvent.
https://t.co/8AAx26wB20

[Joint Economic Committee Republicans @JECRepublicans]

Don't miss JEC Chairman @RepDavid tomorrow at @thehill's Invest in America Summit where he will discuss our national debt, how low fertility rates will impact our economy, and how new innovation and technology should take a greater role in cutting government spending while driving economic growth. More informaiton here: https://t.co/A3nyW4cKoP

[Joint Economic Committee Republicans @JECRepublicans]

Y/Y, headline PCE price index inflation was 3.77%, which is higher than the Federal Reserve’s target of 2% & core PCE price index inflation was 3.29%. M/M, headline personal income remained unchanged, or $19 million, while real disposable personal income per capita decreased by 0.50%, which means that after tax income rose less quickly than prices.https://t.co/098YaZFzGU

[Romina Boccia @RominaBoccia]

🧵This week’s Debt Digest:
• JEC Report’s hard budget truths
• 1990s budget surpluses: a temporary accident
• Repeal the gas tax
• Trump Accounts ≠ Social Security reform
• AI growth makes new debt more expensive
• AI fixing debt is new MMT
👇

[Joint Economic Committee Republicans @JECRepublicans]

To stay economically competitive, we must address our aging demographics with the realities of stagnant population growth. This is in line with what was highlighted in our March 18 hearing, “Keeping Our Promises:  Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population” on using a points based system to attract and retain the best talent and high skilled labor. https://t.co/No7Zyl3WVA

[Washington Post Opinions @PostOpinions]

"Voters will reward the politician or party that advances a well-designed plan to invite in the world’s best talent," @akoustov writes.

"Two concrete moves can put that idea to work." https://t.co/rccnhnIXUg

[Joint Economic Committee Republicans @JECRepublicans]

In April, among the 50 states & DC unemployment remained unchanged in 27 states, decreased in 15 & increased in 9. The highest unemployment rate was 6.2% in DC & the lowest was 2.2% in South Dakota. Nationally, the unemployment rate remained unchanged in April at 4.3%. https://t.co/Ks9p34JyRn

[House Republicans @HouseGOP]

On Memorial Day, we honor the American heroes who gave their lives in defense of our freedom.

From Gettysburg to the deserts of the Middle East, generations of patriots have answered the call and paid the ultimate price.

We owe them our liberty. We owe them our remembrance.

God bless our fallen and the Gold Star families who carry their memory.

[Rep. David Schweikert @RepDavid]

Medicare Advantage should reward keeping seniors healthier.

Instead, Washington wrote rules that reward scoring seniors sicker.

I have a bill scored to save $1.84 trillion and improve care. I can’t get a single member of Congress to touch it because it says “Medicare.”

[Joint Economic Committee Republicans @JECRepublicans]

Increasing at a rate of $7.5 billion per day, $313 million per hour, $5.2 million per minute, or $86,955 per second. Fiscal responsibility can't wait.

https://t.co/cijsE6GA6A

[Rep. Lloyd Smucker @RepSmucker]

The national debt has officially surpassed 100% of our nation’s Gross Domestic Product (GDP), meaning the federal government now owes more than our economy produces in an entire year.

At more than $39 trillion and growing, our debt is an issue we can’t afford to ignore. Congress must take action to change our fiscal trajectory and protect prosperity for generations to come.

[Rep. David Schweikert @RepDavid]

When your doctor’s office or your child’s school calls, you ought to be able to trust it.

Scammers are making that harder. We’re asking the major wireless carriers to explain what they are doing to stop scam calls, spoofed numbers, and AI-driven fraud before families get ripped off.

https://t.co/dImIdVauUM

[Joint Economic Committee Republicans @JECRepublicans]

ICYMI: Congressional committee asks telecoms to do more to prevent scams as losses surge https://t.co/Xtfj9QNdv7

[Joint Economic Committee Republicans @JECRepublicans]

ICYMI, @AmericanThinker and @JosephFordCotto OpEd on our Joint Economic Report "This remarkably comprehensive, well-researched, even-handed assessment is a haunting warning that the window for responsible action is closing. Ignore its analyses and America risks a future of diminished living standards, crushing debt service, insolvent entitlements, and broken promises to both seniors and the young."

This Midterm Season, the American Dream is on the Line https://t.co/9IsELCFvlY

[Joint Economic Committee Republicans @JECRepublicans]

A strong labor force is essential to economic growth and fiscal stability, but slowing population growth is making that harder to achieve. Chapter 4 analyzes the role of the labor force in driving future economic growth. Nearly two decades of below-replacement fertility and rising global competition for talent are constraining the workforce. The current immigration system imposes unnecessary and excessive opportunity costs. Adopting a points-based system and harnessing advancements in technology like AI can expand a more productive workforce and drive long-term growth.
https://t.co/qsl7JnmVoq

[Joint Economic Committee Republicans @JECRepublicans]

As a massive share of the U.S. population moves above retirement age, Medicare is in trouble. One trust fund is set to become insolvent within less than a decade, and the other is reliant on taxpayer transfers, meaning the U.S.’s aging is directly at odds with the program’s financial sustainability under its current design. Chapter 3 finds the current system forces a tradeoff between affordability for seniors, fiscal solvency, and medical innovation. Reforming Medicare Advantage and unleashing market forces can set right a program currently held captive by a bleak demographic situation.
https://t.co/c3Tm7QPu3E

[Joint Economic Committee Republicans @JECRepublicans]

Last fiscal year, the Federal government spent nearly $2 trillion on healthcare, making up over 28 percent of all spending. Chapter 2 assesses the role of healthcare spending in driving fiscal deficits. At the turn of the century, that figure was less than 20 percent, indicating healthcare is not only costing us more dollars but also clawing into a greater share of all Federal spending. Over that same period, personal health expenditures have increased by over 220 percent, straining Americans’ wallets and showing that many Federal policies have not been working to lower costs. These policies have distorted market incentives and led to tremendous windfall for brokers and other intermediaries. Innovation remains the key to solving these problems.
https://t.co/CLUzqWgB1V

[Joint Economic Committee Republicans @JECRepublicans]

Federal spending programs are built on the demographics of the past, and they continue to transfer dollars from the shrinking workforce to a growing retired population. Chapter 1 finds that nearly 60% of federal transfers ultimately go to seniors, and future trends are almost certain to be increasingly problematic. Raising taxes only deepens this imbalance, whereas growing the economy and the tax base offer some potential for correcting course.
https://t.co/JrVFrmRu16

[Bloomberg Government @BGOV]

GOP Targets H-1B Visas, AI Red Tape in Yearly Economic Rundown https://t.co/JPJwc3gUiH

[Joint Economic Committee Republicans @JECRepublicans]

https://t.co/Fx9yOUL5sm

[Joint Economic Committee Republicans @JECRepublicans]

In April, the fed gov ran a surplus of $215.02B. FY2026 thru April, deficits were $953.57 billion. This means 22.31% of outlays in FY2026 were not paid for by revenues & for every $ the fed gov received, it spent $1.29. In April, outlays were $622.35B & receipts were $837.34B. https://t.co/cfvx8aVmKP