December 8, 2006

in final days, house spends taxpayer dollars by the billions

King to Colleagues: Stop Burning Taxpayer Money!

WASHINGTON - U.S. Congressman Steve King (IA-05) today voted to keep America on track to balance the budget.

The U.S. House today passed a Continuing Resolution to continue funding the federal government at current levels until February 15th, 2007.

Because the bill carries current levels of funding into February, rather than to the end of the fiscal year, it would cost taxpayers an extra $7 billion, according to the Congressional Budget Office. This is because the budget recommendation for Fiscal Year 2007, which will likely be enacted once the Continuing Resolution has ended in February, is higher than current levels, which were passed to hold down federal spending and institute fiscal discipline. King voted against the bill.

"The only remaining opportunity this year to instill fiscal discipline and save taxpayer dollars was to pass a continuing resolution for the balance of the fiscal year. The continuing resolution was necessary, but the only thing cutting it short will accomplish is give Congress another opportunity to increase spending," said King. "This hodge-podge approach to spending is essentially burning American workers' hard earned dollars."

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