The growing economy means lawmakers should not be concerned with the spending increases contained in a spending bill that is on the table, Michael Reagan told Newsmax TV.
During an appearance on "America Talks Live," Reagan told host Miranda Khan he is confident the bipartisan spending bill put together by leaders of both parties in the Senate will make it through Congress on Thursday and avert a government shutdown.
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"It'll survive, and it'll be passed and the government's not gonna shut down [Thursday] at midnight or any other night," said Reagan, adding "everybody agrees" the military needs funding. "Now, people are gonna hold their nose and vote for it. But Congress certainly doesn't want a shutdown."
Reagan pointed to the economic gains in January as proof the $250 billion increase in government spending that is part of the aforementioned budget bill will not be a big deal in the long run.
"The economy grew so much in January of this year, I think it was over 4 percent," Reagan said. "In fact, there was a $51 billion surplus this last month in Washington, in the government. . . . we were able to subtract from the deficit going forward. If we keep on going at those numbers, we're not gonna have to worry about what is being spent in this bill that's gonna be passed [Thursday]."
It is not yet clear if the spending bill will actually pass, however. Sen. Rand Paul, R-Ky., opposes it because of the spending increases, and said Thursday evening he plans to hold a filibuster to delay voting on the bill. The House Freedom Caucus is also against the measure.
The government will be shut down late Thursday night unless Congress can agree on and pass a spending bill.
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