Press Releases

STATEMENT FROM RNC CHAIRMAN MICHAEL STEELE ON DEBT CEILING LAW

February 2010

Posted by: administrator

FOR IMMEDIATE RELEASE                                                               

February 12, 2010  

CONTACT: Press Office

202-863-8614                       

WASHINGTON – Republican National Committee (RNC) Chairman Michael Steele released the following statement today:

“This afternoon President Obama sat behind closed doors and with no cameras present signed into law a bill increasing America’s credit card limit from $12.3 trillion to $14.2 trillion.  With a simple stroke of his pen, President Obama now has the ability to continue his binge spending agenda to the tune of an additional $1.9 trillion, the largest one-time increase in our history.  If the president thinks he can hide his embarrassing binge spending habit behind a thin fig leaf like PAYGO, then he truly has hit rock bottom. While the Democrats spend their President’s Day recess celebrating their failed $862 billion stimulus package, the taxpayers will continue to foot the bill for the Democrats’ fiscal irresponsibility.”     

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