Jim DeMint
U.S. Senator, South Carolina
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DeMint Statement on Obama’s $700 Billion in New Spending
November 24, 2008 - Greenville, S.C. - Today, U.S. Senator Jim DeMint (R-South Carolina), a member of the Joint Economic Committee, made the following statement in response to President-elect Barack Obama’s call for a new $700 billion spending bill:

“I have a lot of respect for President-elect Obama, but growing Washington with runaway spending is not change, it’s more of the same,” said Senator DeMint. “If federal spending actually created economic growth, our economy would be booming right now. We are trillions of dollars in debt and Obama's massive new spending program threatens to send our nation over a fiscal cliff, leading to higher taxes and fewer jobs.”

“Americans are tightening their budgets to get through difficult times, but some in Washington believe this crisis should be exploited to pass pet projects and fund liberal programs. It’s time to stop the failed bailouts and end the wasteful spending. If the President-elect wants to help the economy recover, he will work with us to reduce taxes and reform the government policies that have been punishing savings, investment and innovation for years."  


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