Issue Position: Federal Deficit

Issue Position

At $1.3 trillion and climbing, our current annual federal budget deficit should be proof to Senator Reid that "You cannot borrow your way out of debt, and you cannot spend your way to prosperity." We simply cannot continue to allow our federal government to borrow, spend and bailout entire industries at the expense of future generations of Nevadans.

Please look at what the Congressional Budget Office recently said about our skyrocketing federal budget.

http://www.cbo.gov/ftpdocs/104xx/doc10454/08-2009-MBR.pdf

I believe that government can have a role in our economic recovery but it needs to be limited and effective . Our vast and intrusive federal government is now growing well beyond the powers delegated to it in the Constitution. This centralized power is a direct threat to our personal liberties.

Now some say this massive expansion is needed to stimulate the economy but in doing so it is causing Nevadans massive economic damage. Just last year the Federal Reserve announced, with the administration's approval, it was flooding our economy with a trillion freshly printed dollars. Additionally, we have spent nearly $1 trillion for TARP and authorized an additional $787 billion in so-called stimulus spending. As Nevadans we fear this unchecked dollar printing and spending growth are exposing us to the specter of runaway inflation and unsustainable deficits.

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