Congressional Budget Office Predicts $1.3T Deficit in 2011, Third Largest in 65 Years

As he attempts to rewrite history in advance of next year’s election for Virginia’s open U.S. Senate seat, former DNC Chairman Tim Kaine routinely lectures Virginians on the importance of “fiscal responsibility.”

In fact, in his very first stop after announcing his campaign for Senate, Kaine complained that Washington needed a “better attitude on fiscal responsibility.” (John Geddie, “Kaine Makes Loudoun His First Campaign Stop,” Loudon [VA] Times-Mirror, 4/10/11)

Yet, as the non-partisan Congressional Budget Office confirmed in a report released this morning, in the last three years – much of which Kaine has spent as DNC Chairman in Washington, supporting every single one of President Obama’s big-government spending programs – the federal government has recorded the three largest deficits in the last 65 years.   The CBO also noted that the national unemployment rate – now at 9.1 percent – isn’t expected to drop below 8 percent until 2014.

“For those who wonder about the consequences of Tim Kaine’s disastrous economic policies and his support for President Obama’s reckless spending agenda, they need not look any further than today’s report,” National Republican Senatorial Committee (NRSC) spokesman Chris Bond said today.  “Since Kaine assumed his role as Obama and the Washington Democrats’ number-one cheerleader, his party has maxed out the government credit card, expanded government to record levels, and raised taxes on Virginia families.  Virginians deserve better.”