Friday, April 3, 2009

Senator Collins statement on 2010 Budget Resolution

U.S. Senator Susan Collins released this statement following her vote against the 2010 Budget Resolution.

“I voted against the budget resolution because it projects an enormous increase in spending and would double the public debt in five years. This puts us on a path that could result in adding approximately $1 trillion to the debt each year for the next decade, tripling the public debt in ten years, and producing deficits totaling $9.2 trillion. As a result, our debt would exceed 80 percent of GDP by 2019—the highest level since World War II. In addition, it would increase taxes by $1.5 trillion over the same period.

"While deficit spending is acceptable at a time when our troubled economy needs a boost, the problem with this budget is that it would lead to huge deficits year after year throughout the next decade. That simply is not sustainable and poses a threat to our economy.

“The budget resolution does contain several important provisions that I do support, including an amendment that I authored with Senator Joe Lieberman to provide an additional $550 million for federal agents, investigators, and resources to significantly bolster U.S. efforts to fight violence caused by Mexican drug cartels along the U.S.-Mexican border.”

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.