Tuesday, November 13, 2012                                      Contact: Alex Conant (202) 224-3041

SENATOR RUBIO CONDEMNS YET ANOTHER MONTH OF WASHINGTON SPENDING MORE MONEY THAN IT HAS

Washington, D.C. - U.S. Senator Marco Rubio (R-FL) issued the following statement regarding today’s announcement by the Treasury Department that the federal budget deficit for October was $120 billion:

“It is appalling that in just one month, the federal government has accumulated a deficit that is greater than the entire annual deficits of countries that are continuously on the brink of a debt crisis. We can’t tax or simply cut our way out of this mess, but must instead adopt solutions that lead to economic growth.

“There are many pro-growth policies to choose from, but a tax increase is not one of them. President Obama acknowledged this two years ago and has accepted that one of the things holding back economic growth and job creation is a tax on corporations that is the highest in the developed world. That’s the kind of mindset we need from the President as we work to control reckless spending and encourage businesses to grow and hire more workers.”