U.S. Rep. Cathy McMorris Rodgers (R-WA, 5, Eastern WA) scored a Gapetto award this week for an evocative GOP soundbite on deficit spending that checked out.
Speaking at a press conference with Speaker Rep. John Boehner (R-OH) to support a bill cutting $6 billion in federal spending (a bill the Tea Party doesn't support coincidentally because it doesn't cut enough, nor does it de-fund President Obama's health care reform), Rep. McMorris Rodgers said:
“For every $10 that the federal government collects in tax revenue, it is borrowing about $7. And just to put that into perspective, if you're a family making $50,000 a year, that would be like borrowing $35,000 every year.”
The Post says she's on to something:
Let’s look at the charts contained in the president’s budget. For the current fiscal year, the budget anticipates receipts of nearly $2.2 trillion, and the deficit (that’s the borrowing) of $1.6 trillion. So for the current fiscal year, she is right—the United States is borrowing $7 for every $10 in tax revenue.
Thanks for the heads up on this from the Spokesman Review.