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For Immediate Release
Thursday, February 4, 2010
Contact: Ryan Murphy
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Democrats Green Light Mountain of Deficit Spending

Congressman Tom Price (R-GA) issued the following statement regarding the record $1.9 trillion debt limit increase.

“As a Senator, President Obama called the act of raising the debt limit a 'sign of leadership failure,’” said Congressman Price. “That phrase speaks volumes about the Democrats controlling Congress, who have now increased the debt limit by 59 percent in just three years. Our government has a spending addiction which even this record $1.9 trillion debt limit increase will not satisfy. We must act quickly to cut spending and erase these unsustainable deficits, or our children will suffer the consequences. The United States cannot remain a world-class economy while its leaders mortgage the future to foreign and often hostile nations.

“The inclusion of the Democrats’ version of PAYGO will not solve this problem either. It is merely a ploy that ensures job-killing tax increases without decreasing deficits. The common sense solution is to cut spending and the size of government to sustainable levels. Not only will this reduce our debt burden, it will give the private sector a much-needed boost of confidence in our nation’s economic future.”

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