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Lamborn Statement on Federal Spending

“President Obama is simply not believable when he talks about fiscal discipline. The fact is, under President Obama, our federal debt increases by $54,373 every second. At this dangerous rate, our national debt will be $18.6 trillion at the end of the president's term — an unimaginable explosion of 75 percent above and beyond the debt accumulated by all of his 43 predecessors combined.

“In this speech, President Obama attempts to convince us that he is serious about reducing our annual deficits. But just two months ago he introduced a budget for 2012 that increases the deficit to $1.6 trillion. His rhetoric has worn thin. I think the American people are beginning to suspect that he is not serious about restoring fiscal health to our nation.”– Doug Lamborn (CO-05)

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