McConnell: Deficit Report a ‘Stunning and Sobering Reminder’

Wednesday, January 7, 2009

WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell made the following statement Wednesday regarding the Congressional Budget Office Budget and Economic Outlook which indicates that the federal deficit is now nearly $1.2 trillion:

“This morning’s announcement by the Congressional Budget Office that the deficit now stands at nearly $1.2 trillion is a stunning and sobering reminder that Congress must strengthen its efforts to be good stewards of the taxpayers’ money. Though we agree that Congress must carefully pursue ways to strengthen our economy, this report should cause us to make certain that any dollar spent to stimulate the economy will in fact achieve that outcome and produce jobs and opportunity.”