Wilson Applauds Announcements of Lower Budget Deficit, Increase in Jobs

FOR IMMEDIATE RELEASE
July 11, 2007

CONTACT: Ryan Murphy
(202) 225-2452 (Office)
(202) 689-4825 (Cell)

Wilson Applauds Announcements of Lower Budget Deficit, Increase in Jobs
Pro-Growth Republican Policies are Working

Congressman Joe Wilson (SC-02), today issued the following statement in response to recently released reports on the reduced deficit and increase in jobs.

“The deficit reduction is further proof that Republican policies are working and as a result, America’s economy continues to grow. The President and the Office of Management and Budget (OMB) announced the new figures in the midyear fiscal review. Originally projected to be $244 billion, the OMB states the deficit is down to $205 billion. This represents the lowest deficit since 2002. The Associated Press reports that the drop can be credited to ’impressive revenue growth from the healthy economy.’

“Last week, the government announced that 132,000 new jobs were created in June, and the unemployment rate remained at the low rate of 4.5 percent, below the average of the 1970s, 1980s, and 1990s. More than 2 million jobs have been created in the last 12 months, and 8.2 million jobs have been created since tax relief was initiated in June 2003. This has led to the fastest unemployment decline in nearly a decade.

“There is no question that Republican pro-growth initiatives have benefited American families. Republicans remain committed to fiscal responsibility, and we will continue to oppose attempts to raise taxes and create entitlement programs. I urge my colleagues to make these tax cuts permanent so hard-working Americans, not the federal government, can continue to decide how to spend their money.”

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