Republican Memory Short on Fiscal Responsibility


On June 10, 2009, President Obama submitted the "Statutory Pay-As-You-Go Act of 2009" to Congress, which Republicans greeted with great criticism. This follows their pattern throughout the past six months of trying to deflect responsibility for the current economic crisis and deficits onto President Obama and the Democrats. However, it was their failed fiscal policies that helped weaken our economy and largely created record deficits and debt. The Republican Congress and Bush Administration allowed the “pay-as-you-go” law to lapse, squandered surpluses, and increased spending, creating the record deficits and debt that have helped spiral our economy into a recession and made confronting the crisis far more difficult.
 
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