Congressman Tom Price (R-GA) issued the following statement after the U.S. budget deficit for Fiscal Year 2009 broke the $1 trillion mark during the month of June. Some estimates indicate that the final deficit for the year will approach the $2 trillion mark.

“This is an ominous milestone in our nation’s history,” said Congressman Price. “Just a couple years ago, we would have never fathomed that the federal government could rack up this much debt in such little time. And with several months to go in the year, the red ink shows only signs of swelling. We have wildly leveraged our children’s future, and what do we have to show for it?

“Even the President has admitted that his deficit spending is unsustainable, yet he has proposed nothing to stop it. Unless we get spending in check, Americans will be indebted to the recklessness of this Congress for decades to come. We must make hard choices to halt this slide into fiscal disaster, and we must make them today. The Republican Study Committee offered an alternative budget that made these tough decisions and would have balanced the federal budget in 2019. Solutions always exist; we must simply have the courage to pursue them.”