Wilson Statement on Updated Deficit Projections

FOR IMMEDIATE RELEASE
August 25, 2009

Congressman Joe Wilson (R-SC) issued the following statement today after the White House released an updated economic and budgetary forecast projecting an additional $2 trillion in deficits over the next decade.

“Today’s announcement is one more disappointing indicator that the out-of-control spending habits of this Administration and their Democrat allies in Congress will continue to put our government on an unsustainable path towards fiscal ruin. The consequences to this generation and future generations will be the potential for hyper-inflation, higher interest rates, and future tax increases all of which would undermine an economic recovery and future prosperity. Despite a broad consensus that this course of borrowing and spending is unsustainable, we find a majority in Washington that is still pushing a tax and spend agenda – including their latest plan to enact a $1 trillion government takeover of our health care system that will add billions more to the government’s debt.”

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