Budget Update

Voinovich was a "NO" vote:

WASHINGTON, D.C. – U.S. Senator George V. Voinovich (R-OH), the Senate’s top “debt hawk,” voted last night against passage of S. Con. Res. 13 – the Fiscal Year 2010 Budget Resolution. His vote represents his opposition to Congress continuing to ignore America’s dire fiscal problems by using smoke and mirrors to mask long-term challenges while taking no action on fundamental entitlement and tax reform.

“This budget unrealistically promises everything to everyone and masks the sacrifices Americans will be forced to make if it passes,” Sen. Voinovich said. “This budget plan spends too much, taxes too much and borrows too much. This is not the time to increase government spending even further, particularly in light of the fact that we already passed the stimulus and omnibus. Instead of dramatically increasing the size of the federal government and spending taxpayer money on expanding government programs we can’t afford, Congress should be tackling fundamental entitlement and tax reform – which this budget totally ignores. In fact, it actually expands some entitlement programs without paying for them, putting the nation on an even faster track to bankruptcy. This is a tremendous missed opportunity for our nation.”

“I want Americans to know the facts. This budget doubles the already $9.85 trillion debt in five years and triples it in 10 years, continuing huge deficits beyond this administration. It spends $3.9 trillion in 2009, or 28 percent of GDP, the highest level since World War II,” Sen. Voinovich said. “It borrows more than President Bush’s budgets every year, even after adjusting for inflation. This spending and the growing national debt will make us even more dependent on countries like China, Japan and the OPEC nations who already hold 51 percent of the privately owned national debt. This budget continues to allow the countries that control our oil to control our debt and our future. This is not the legacy we want to burden our children and grandchildren with.”