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As Hodes spends more, budget deficit hits $120.3 billion for November

On the heels of a record level of federal spending passed by U.S. Representative Paul Hodes (D-NH) and his colleagues in the Democrat-controlled Congress this year, the Treasury Department announced this afternoon that the November 2009 deficit totaled $120.3 billion.

In other words, just this last month alone, the federal government borrowed over $4 billion each day, or $167 million every hour.

The Associated Press reports that the Obama Administration “expects the 2010 deficit will set a new record at $1.5 trillion.” Of course, this comes as President Obama and Democrats in Washington try to pass a $2.5 trillion government-run health care bill on top of the failed $787 billion stimulus legislation that they rammed through Congress in February.

Amber Wilkerson Marchand, NRSC Spokeswoman, said this in response: As Paul Hodes continues to march in lock-step with President Obama and Nancy Pelosi, the record level of deficit spending that he’s voted for is simply shocking. Our nation’s economy is struggling and Paul Hodes’ answer is to tax, borrow, and spend on the backs of New Hampshire’s children and grandchildren. This will be a central issue in next year’s election as Granite State voters will have an opportunity to shut off Paul Hodes’ government credit card and hold him accountable for supporting the Democrats’ reckless tax-and-spend agenda in Washington.”

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