|
|
 | add to del.icio.us | |
| digg this | |
 print | |
 email |
| |
Sen. Cornyn: $1.2 Trillion Deficit Deeply Concerning
Largest deficit since World War II expected this year
Wednesday, January 7, 2009
WASHINGTON—U.S. Sen. John Cornyn, R-Texas, made the following statement regarding today’s projection by the Congressional Budget Office that the federal budget deficit will reach a record $1.2 trillion for fiscal year 2009.
“Today’s forecast of the federal deficit reaching $1.2 trillion this year by the Congressional Budget Office is deeply concerning, especially since it does not include President-elect Obama’s spending proposal that may total more than $1 trillion. Congress cannot keep writing checks and simply pass IOUs to our children and grandchildren. Our current trajectory is unsustainable and the economic challenges are too great for business-as-usual to continue in Washington. My hope is that we will work together to lessen the tax burden on families and small businesses, and tighten the government’s belt.”
 |
You will need to have Real One Player installed on your computer to be able to listen or watch the clips above. Real One Player is free software that lets you play audio and video files. Download Real One Player |
|
