Rep. Jim Cooper (D-TN) just got the news that the 2008 federal deficit will top $1 trillion dollars. His response? Be afraid. And vague. Emphasis on the vague part.
"This report should serve as a wakeup call to Congress and the country," says Cooper, who describes himself as a Blue Dog Democrat and deficit hawk in his latest press release.
"It should really scare people about the future of the economy. We must get our economy back on track in the short term, but we can only do it in a way that restores balance to our long-term budget process. I look forward to working with President-elect Obama to get a handle on our fiscal crisis. We can't afford to wait any longer."
Tuesday, December 16, 2008
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