MORE SPENDING, MORE DEBT MEANS LESS FOR TOMORROW BY U.S. SENATOR JON KYL Capitol Hill Press Releases | November 9, 2009 | . Provided by ProQuest LLC. (Hide copyright information) Copyright

Capitol Hill Press Releases
11-09-2009
For Immediate Release More Spending, More Debt Means Less for Tomorrow
By U.S. Senator Jon Kyl November 9, 2009 The Congressional Budget Office
recently reported that the federal budget deficit hit an astonishing $1.4
trillion for the fiscal year that ended on September 30, 2009. In other
words, in just the last year, the federal government spent $1.4 trillion
- or a whopping 40 percent - more than it collected in taxes. The government
doesn't just print extra money to cover that shortfall. If it did, we would
be suffering rates of inflation beyond most of ...

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