Wednesday, March 3, 2010

Cong Hensarling and Pence call for spending controls

At a time when Texas Republicans call for controlling the growth of government, Texas Cong. Jeb Hensarling and Indiana Cong. Mike Pence call for federal controls in spending also. Their article appeared in the Wall Street Journal: http://online.wsj.com/article/SB10001424052748704231304575091622911663494.html?mod=WSJ_Opinion_LEFTTopOpinion One portion of the article reads:

The situation is dire, but don't take our word for it. "U.S. fiscal policy is on an unsustainable path to an extent that cannot be solved by minor tinkering," Congressional Budget Office Director Doug Elmendorf said recently. Former Comptroller General David Walker called the rising costs of government entitlements a "fiscal cancer" that threaten "catastrophic consequences for our country."

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