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Camp Statement on CBO/OMB Budget Projections

August 25, 2009

The Congressional Budget Office (CBO) and the Administration’s Office of Management and Budget (OMB) each today will release updated economic and budgetary projections showing the deficit growing at alarming rates. Ways and Means Committee Ranking Member Dave Camp (R-MI) issued the following statement regarding the reports:

“If the House Democrats’ unaffordable $1 trillion health care bill wasn’t dead before, it should be now.  The President’s budget is already taking us to unsustainable levels of deficits.  Adding hundreds of billions more – in just the next ten years – is a bad idea no matter how you look at it.  It is time to scrap this health care bill and start over with a common-sense, bipartisan effort that focuses on lowering health care costs for all Americans and ensuring everyone, including those with preexisting conditions, can get affordable health coverage.”