Thursday, February 26, 2009

Foxx: Huge Spending Bill Passes House, National Debt Increases

Foxx votes against $410 billion bill, votes for increased earmark transparency

Press Release
February 25, 2009

WASHINGTON, D.C. – Congresswoman Virginia Foxx (NC-05) today voted in opposition to a massive spending bill (H.R. 1105) that once again increases federal government spending at a time of record budget deficits. H.R. 1105, which completes the funding process for the federal government for fiscal year 2009, spends $410 billion, 8.3 percent more than 2008.

“The federal budget is growing by 8.3 percent, while family budgets are shrinking,” Foxx said. “At a time when Americans are tightening their belts, Washington is on a reckless spending spree. This is irresponsible.”

When the spending legislation passed before the end of 2008 is factoring in, federal discretionary spending will reach $1.01 trillion for 2009. This is the first time in U.S. history that the federal discretionary budget has passed the $1 trillion mark. Additionally, federal agencies lucky enough to get money from both this spending legislation and the recently-enacted stimulus bill are about to see their funding jump by 80 percent—nearly doubling some agencies’ budgets in a single year.

“Congress has jacked up the federal debt limit four times in the past 17 months in order to accommodate Washington’s profligate spending,” Foxx said. “Thanks to this new massive bill it is just a matter of time until we take out yet another mortgage on our children’s future earnings.” ...

Click here to read the full release...