facebook
twitter
rss
account
search
search
 

GOP says U.S. on path to 'fiscal ruin'

Feb. 19, 2011 at 8:17 AM   |   Comments

| License Photo
WASHINGTON, Feb. 19 (UPI) -- The United States is on the path to "fiscal ruin" under the Democrats' proposed budget, Rep. Tom Price, R-Ga., said in a media address Saturday.

In the midst of a steeped ideologically-charged congressional battle over the indebted country's budget, Price said in the party's weekly radio and Internet address President Barack Obama's budget would "accelerate our path to fiscal ruin."

His remarks came as House Republicans won on a series of amendments early Saturday that would curtail $61 billion of federal spending, The Hill reported.

"We need to end Washington's spending binge to reduce uncertainty, to boost confidence, and to encourage private investment in our economy," Price said. "To help create a better environment for job creation in America, the spending binge has got to stop."

The U.S. government's budget expires March 4 and could face a shutdown of non-essential services if the political showdown doesn't come to conclusion. That last happened in 1995 because of President Bill Clinton's budget veto.

Meanwhile, President Obama made little reference to the budget battle in his weekly address Saturday, instead reiterating his goal of improving math and science education so the United States can remain competitive.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
France holds up delivery of warships to Russia France holds up delivery of warships to Russia
2
North Korea publicly executes 10 people for watching South Korean soap operas North Korea publicly executes 10 people for watching South Korean soap operas
3
Father upset over Islam history lesson barred from school over threats Father upset over Islam history lesson barred from school over threats
4
Actress Lucy DeCoutere becomes first public accuser of Jian Ghomeshi Actress Lucy DeCoutere becomes first public accuser of Jian Ghomeshi
5
Suspected Pennsylvania cop killer Eric Frein nabbed Suspected Pennsylvania cop killer Eric Frein nabbed
Trending News
Around the Web
x
Feedback