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June 22nd, 2011
09:50 AM ET
Sen. DeMint: Budget debate 'deadly serious'
Today, a coalition of conservative lawmakers and groups will raise the stakes in what many call a dangerous game of chicken over the nation's debt ceiling. They'll sign a pledge opposing any bump in the government's spending limits unless three conditions – which include spending cuts – are met.
One of those lawmakers is Sen. Jim Demint from South Carolina, also a co-founder of the Senate Tea Party Caucus. On American Morning this morning, he explains why he's agreeing to this pledge, and why the budget debate is a 'deadly serious' one.
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Cutting spending in the middle of a recession is very irresponsible. At least as much so as running up debt. These politicians seem to forget that every dollar they cut from spending is a dollar not flowing through the economy to foster growth.
companies don't hire out of the goodness of their hearts. They hire because they need people to do the work to make their products in response to increased demand. You don't get increased demand by giving more money to people who already have more than enough to buy whatever they desire