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CBO Reveals President's Failed Policies

Floor Speech

Date: Feb. 3, 2012
Location: Washington, DC
Issues: Economy and Fiscal

Mr. WILSON of South Carolina. Mr. Speaker, throughout his campaign for the White House, the President made an empty promise to cut our deficit in half by the end of his first term. Earlier this week, the Congressional Budget Office announced its projection that the President's failed policies, sadly, have more than doubled the annual debt. Our debt has increased by almost $5 trillion over the last 3 years. This statistic shows that throughout the Presidency of the current President, the President has recklessly spent the tax dollars of hardworking American families.

The Wall Street Journal stated: ``To sum it all up, the CBO's facts plainly show that Mr. Obama has the worst fiscal record of any President in modern times. No one else even comes close.'' At a time when Americans are searching for jobs, the President must follow through with this promise to the American people and work with both Houses of Congress to stop Washington's out-of-control borrowing and spending.


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