Larson Praises Obama's Commitment to Fiscal Discipline

June 10, 2009

FOR IMMEDIATERELEASE

June 9, 2009

CONTACT:

Emily Barocas/202-225-7295

LARSON PRAISES OBAMA'S COMMITMENT TO FISCAL DISCIPLINE

Washington, DC -- President Barack Obama was joinedby Democratic Members of Congress today to express strong support forlegislation that would reinstitute statutory pay-as-you-go (PAYGO) rules andrestore fiscal discipline to the federal government.

Congressman John B. Larson (CT-01), Chairman of theHouse Democratic Caucus, said:

"I stand with myDemocratic colleagues and President Obama today in their commitment to fiscaldiscipline and cutting the deficit.

"Strong fiscaldiscipline is one of the most important tenets of the work Democrats are doingin Washington. Former President Bush and Congressional Republicans took a $5.6trillion surplus and left trillions of dollars in deficits. While we revitalize and grow our economy andcreate good jobs we also know that we can't leave the bill for past mistakes tofuture generations. That is why I support strong statutory PAYGO rules.

"When Democratsbecame the majority in Congress two and a half years ago we instituted strongpay-as-you-go rules to reduce the deficit and restore fiscal restraint. We are working to reign in the waste, fraud and abuse that have plaguedgovernment spending so that the American people know we are getting the mostfor every tax dollar spent. Just as American households are tighteningtheir belts during these tough times, so too must the federal government.

"I look forward toworking with President Obama to ensure the fiscal soundness of the federalgovernment."

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