New Report By Non-Partisan CBO Underscores Out-Of-Control Economic Agenda That Hodes Voted For
WASHINGTON – As the nonpartisan Congressional Budget Office (CBO) projects that America’s national debt will reach 62 percent of gross domestic product (GDP) by the end of 2010, voters are reminded of U.S. Representative Paul Hodes’ (D-NH) record of reckless spending in Washington.
The Hill reports:
The budget office said the debt will reach its highest percentage of GDP since the end of World War II. The jump is driven by lower tax revenues and higher federal spending in the recent recession…
Republicans have been hammering away at the president and Democrats in Congress for their spending over the past year and a half, arguing that the stimulus act, healthcare reform law and other measures have done little more than exacerbate the nation's fiscal situation.
In Washington, Hodes has repeatedly helped ram through costly legislation such as his failed $787 billion stimulus debacle and his unpopular health care overhaul while the national debt has increased to more than $13 trillion.
“Today’s non-partisan report is yet another reminder of Paul Hodes’ out-of-touch, reckless spending in Washington,” said National Republican Senatorial Committee (NRSC) spokeswoman Amber Marchand. “As he continues to put his own narrow partisan agenda ahead of New Hampshire’s best interests, Hodes’ out-of-control economic policies have saddled generations of Americans with burdensome debt. This November, Granite State voters will have the opportunity to hold Hodes accountable and restore fiscal responsibility in Washington by electing a Republican as their next U.S. Senator.”