Lucas Says Spending Must Stop

Lucas Says Spending Must Stop

Ranking Ag Committee member in House says borrowing and spending won't lead to healthy economy.

During his weekly radio address Senate Ag Committee Ranking Member Frank Lucas, R-Okla., said during his 18 town hall meetings in August, he quickly learned that his constituents in the countryside are fired up about the direction of the country. They're concerned about stimulus packages and bailouts that aren't affordable and Lucas agreed that they have good reason to be concerned.

 

According to Lucas, the Obama administration promised that the $787 billion stimulus bill would boost the economy and create jobs immediately. Instead, 2.8 million more Americans have lost their jobs since it became law and the budget deficit has reached nearly S1.5 trillion. More alarming, Lucas says, is the waste associated with taxpayers' money. One recent report estimates that 7% of government spending is lost to waste, fraud or abuse. That's roughly $55 billion of the stimulus package.

 

Lucas voted against the bill because, he said, "We know we can't borrow and spend our way back to a healthy economy. Yet there doesn't seem to be an end to the number of spending proposals out there, whether it's bailouts or health care plans, it's all spending, all the time."

Lucas said legislators have become entirely too comfortable talking about trillion dollar deficits without thinking about what it means for the future of the country and that it must stop.

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