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Chuck Fleischmann to testify before House Budget Committee

March 28, 2011

WASHINGTON, D.C. – Congressman Chuck Fleischmann will be testifying before the House Budget Committee on Wednesday, March 30.

"As a recently elected member of Congress, I want to stress to the committee the problems of our massive debt and uncontrollable spending, encourage them to set us on a path to fiscal sustainability, and stress my desire to help with the process," Fleischmann said.

"The current fiscal outlook is bleak, and it has gotten dramatically worse over the last few years with our national debt now totaling $45,000 per every United States citizen. The effect of this massive debt is more than simply depressing numbers though. There are real world consequences. In the short term, the debt drives out private investment, worries financial markets and slows economic growth. In the long term, it pushes us to financial instability and threatens our global leadership financially, politically and militarily. It even threatens our national sovereignty as foreign governments buy our debt and puts at risk important programs like Medicare and Social Security.

"Every day we wait to address the problem, it only gets harder to solve, and that is why I am testifying before the House Budget Committee – to bring more attention to a problem that must be solved now, not later."

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