Too Much
March 10, 2009
Washington, DC – Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement on the House floor today in response to the egregious overspending in the President’s budget:
“After months of runaway spending at the federal level on bailouts, so-called stimulus bills and big government spending for last year’s budget, just last month President Obama unveiled his budget, a more than $3 trillion blueprint for even more spending.
“At a time when middle class families and small businesses are making sacrifices, Washington continues to spend trillions of dollars on bailouts and new government programs. One independent estimate suggests that the federal government will have to hire 250,000 new bureaucrats just to pass out all the money.
“The President’s plan includes the largest tax increase in history. The majority of his tax increases will hit small business owners, and the new national energy tax will cost every American household up to $3,100 per year.
“The Chairman of the House Budget Committee, Democrat John Spratt, said, ‘This is not an easy budget to market, for sure.’ The reason? The President’s budget spends too much, taxes too much, and borrows too much and the American people know it.”
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