Congressman Robert Hurt today released the following statement after voting in favor of legislation to ensure taxpayers are never again footing the bill for hundreds of millions of dollars because of the President's risky bets:
"The federal government should never leave American taxpayers to foot the bill for hundreds of millions of dollars in losses because of its own failures, especially at a time when its fiscal mismanagement has led us to the fourth straight year of trillion dollar deficits and a national debt that now tops $16 trillion. The Administration's negligence in assessing its risky loan to Solyndra amounted to an unacceptable loss of taxpayer dollars at the expense of 5th District Virginians and Americans across this country.
"The legislation that the House of Representatives has passed today ensures that our nation's taxpayers will no longer be on the hook to pay for the Administration's mismanagement of a program that led to failures such as Solyndra. I am proud to cast my vote in support of this legislation as we in the House add to our record of protecting the American taxpayer, fighting for greater government accountability, and putting this country back on a path to fiscal sustainability."