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Republicans Warn Against Overspending on Stimulus
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| Contributor | Jason |
| Last Edited | Servo Dec 31, 2008 09:54am |
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| Category | News |
| Media | Newspaper - Wall Street Journal |
| News Date | Wednesday, December 31, 2008 03:00:00 PM UTC0:0 |
| Description | WASHINGTON -- Top Republican lawmakers are positioning themselves for battle over President-elect Barack Obama's economic recovery plan, signaling Monday that they will cast themselves as guardians against excessive spending rather than outright opponents of the Democrats' stimulus package.
Senate Minority Leader Mitch McConnell (R., Ky.) in a statement Monday supported the idea of using federal spending to boost the economy. But he warned that the price tag, which could approach $800 billion over two years, shouldn't become an excuse for funding undeserving projects.
"We should have a simple test: Will the yet-unwritten, reportedly trillion-dollar spending bill really create jobs and grow the economy -- or will it simply create more government spending, more bureaucrats and deeper deficits?" Mr. McConnell said. |
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