Aug 27 2009
Senator Mike Johanns today made the following statement on the release of the Obama Administration's Mid-Session Review of the Budget:
"Sadly, even with the change of assumptions showing the mirage of a lower 2009 deficit, the ten-year debt projection actually went up $2 trillion from previous estimates. No amount of fuzzy math or optimistic spin can mask the fact that our current fiscal policy is driving our nation deeper into debt. From budget-bloating health care reform proposals to non-existent cap-and-trade revenues, spending our way out of a recession will not strengthen our economy, yet it will pile debt onto future generations.
"This historic level of debt is of paramount concern to me. If left unaddressed, this fiscal free-for-all poses a serious threat to the future prosperity of our children and grandchildren. This is not an issue that should be treated lightly. Washington must learn to tighten its belt and live within our means, just as the American people have done.
"I look forward to working with President Obama, his Administration, and my colleagues in the Senate on ways to address our exploding deficit."