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Van Hollen Statement on the GOP's "Pay China First" Legislation

Statement

Date: Jan. 27, 2011
Location: Washington, DC
Issues: Government Budget and Spending

Today Maryland Congressman Chris Van Hollen, Ranking Member of the House Budget Committee, issued the following statement on the GOP's "Pay China First" Legislation:

"House Republicans' new proposal to put foreign creditors -- including China -- before American families is deeply troubling and will hurt our economic recovery. There is no question that we must come together as a Congress now to put a long-term plan in place to reduce the deficit. But this country must not put China first, and fail to extend that same full faith and credit to American taxpayers. We must get our fiscal house in order, and at the State of the Union the President laid out ideas to tackle this challenge. But for the new Republican majority to do so at the expense of the economic security of American families and seniors is reckless and irresponsible. Democrats will fight any legislation that doesn't put American families first."


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