Saturday, July 4, 2009

Colin Powell's Concerns About Spending

"Colin Powell, one of President Obama's most prominent Republican supporters, expressed concern Friday that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much," according to the Washington Times.

"He said, 'one of the cautions that has to be given to the president -- and I've talked to some of his people about this -- is that you can't have so many things on the table that you can't absorb it all. And we can't pay for it all.'

"Mr. Powell expressed alarm at 'budgets that are running into the multi-trillions of dollars' and 'a huge, huge national debt that, if we don't pay for in our lifetime, our kids and grandkids and great-grandchildren will have to pay for it.'"

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