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FOR IMMEDIATE RELEASE
3.11.2010
Price Statement on $100 Billion Locality Bailout


Washington, Mar 11 - Republican Study Committee Chairman Tom Price (R-GA) issued the following statement regarding legislation introduced by Education and Labor Committee Chairman George Miller (D-CA) to prop up state and local governments with a $100 billion slush fund.

“Chairman Miller and the Democrat leadership apparently are convinced that Washington is operating with Monopoly money. After a year of funneling huge sums of borrowed cash to the states, Democrats are serving up yet another bailout for local governments. Where does it end? Spending more money that we simply don’t have just to bolster government payrolls defies all economic logic and brings us no closer to sustainable job growth. Rather than further burying our kids and grandkids in debt, we need to focus on principled solutions that will create private sector jobs.”

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Congressman Tom Price is Chairman of the Republican Study Committee (RSC).

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