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

During her long career, Senator Debbie Stabenow has regularly railed against deficit spending by the federal government.

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

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“These Large Deficits Are Bad For Our Economy And They Do Not Represent Real American Values. American Families Know They Need To Pay Their Bills. We Need To Pay Our Bills. We All Do. We Sit Down With Our Families To Figure Out How To Pay The Bills. They Cannot Pass An Increase In Their Own Personal Debt Limit Every Time They Want To Spend More, Which Is What The Senate Is Doing Today.” (Sen. Stabenow, Congressional Record, S.11410, 11/17/04)

Yet, as the non-partisan Congressional Budget Office confirmed in a report released this morning, in the last three years that Debbie Stabenow 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 Debbie Stabenow’s disastrous economic record and her 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 Debbie Stabenow has come to Washington, she’s maxed out the government credit card, expanded government to record levels and voted to raise taxes on Michigan families.  Michiganders deserves better.”