For Immediate Release
October 3, 2008
Media Contact: Meghan Snyder
(202) 225-2676
Rep. Jordan Statement on H.R. 1424
Washington, DC -- Today, Congressman Jim Jordan (R-Urbana) issued the following statement on the treasury bailout.
“I understand that there are serious concerns in our financial markets and that it was appropriate for government to attempt to help.
Unfortunately, Washington, as it all too often does, chose a big government “solution,” rather than an “American” solution. Instead of looking to address the concern in a free-market fashion, this tax-and-spend Congress chose to spend $700 billion dollars, the equivalent of one quarter of the federal budget, on a Wall Street bailout.
Washington and Wall Street caused the situation, which is already hurting American families. Now, those same American families are asked to provide the dollars to fix it.
This legislation took our debt limit to $11.3 trillion dollars, proving that this is the wrong approach.
I will continue to protect taxpayers and families from the excessive spending habits of a Congress that is in need of fiscal responsibility.”
