Press Releases
DEFICIT COMMITTEE STATEMENT
Washington, DC,
November 21, 2011
I had been hopeful that the committee would work together to come up with $1.2 to $1.5 trillion in spending cuts.
Following is a statement from U.S. Rep. Blaine Luetkemeyer (MO-9) on the deficit committee’s announcement it is unable to cut $1.2 trillion from the federal budget: “I had been hopeful that the committee would work together to come up with $1.2 to $1.5 trillion in spending cuts. However, some members of the committee insisted on sweeping tax increases, even at a time when most economists believe that it would further weaken our struggling economy and contribute to higher unemployment, and even though spending – not taxes – is at the root of the problem. The bottom line is that our current level of spending is unsustainable, so there will be at least $1.2 trillion in deficit reduction one way or another.” ### |