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

During his long career, Bill Nelson has regularly railed against deficit spending by the federal government.

In fact, during a debate on the Senate floor in 2004, Nelson once said:

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• “Instead, The Huge Budget Deficits Year After Year Have Put Us On A Reckless Fiscal Path That Will Take Us Decades To Undo. And Guess Who Is Going To Pay Off That Debt We Keep Adding To The Tune Of Half A Trillion Dollars A Year. It Is Going To Be Our Children And Our Grandchildren Who Are Going To Have To Pay Off That Debt .” (Sen. Nelson, Congressional Record, S11405, 11/17/04)

Yet, as the non-partisan Congressional Budget Office confirmed in a report released this morning, in the last three years that Bill Nelson has been in Washington – and 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 Bill Nelson’s disastrous economic record and his willingness to rubber-stamp President Obama’s reckless spending agenda, they need not look any further than today’s report,” National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox said today.  “Since Bill Nelson has come to Washington, he’s maxed out the government credit card, expanded government to record levels and voted to raise taxes on Florida families.  Floridians deserves better.”