Feb. 17, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement condemning House adoption of a deal to extend the payroll tax holiday, unemployment benefits, and the "doc fix" for another year without paying for it:
"This legislation the House has passed will add $165 billion to the debt over the next three years. This is simply inexcusable. They are promising partial pay-for's down the road, such that the ten year cost will supposedly be brought down to $89 billion. That's still too much. Republicans took a majority in the House promising to reduce the debt. This bill speeds up the bankruptcy of Social Security, adds significantly to the debt, and betrays the voters who demanded fiscal responsibility in 2010.
"The economy is beleaguered by excessive debt, both public and private, and we will not work our way out of this malaise with yet more debt. This legislation is counterproductive and denies the growing body of evidence that too much debt has become severely detrimental to economic growth. The spenders in Washington, D.C. are completely clueless to what ails our economy. We need new leadership."
Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.