On Jun 29, 2009, at 9:25 PM, <correspondence_reply@webb.senate.gov > wrote: June 29, 2009 Dear James: Thank you for contacting my office regarding federal spending and the budget. The fiscal year 2010 budget was passed against the backdrop of one of the worst recessions in this nation's history and, while imperfect, it reflects that harsh reality. The budget is an important step in reversing the failed economic policies of the past, restoring jobs and a vibrant economy in this nation. No one is happy with the projected growth of the public debt. But I accept this additional spending and recognize that it is a necessary, short-term evil in the midst of such a severe recession. Put simply, at a time of soaring unemployment, a severe housing crisis, stagnant wages, and business contraction, we cannot restrict critical investments in national defense, education, and other critical areas that will help vulnerable Americans weather this storm. The deficits called for in this resolution, while necessary in the short-term to combat the recession, are unacceptable over the long-term. As this economy recovers, we should strictly hold the administration to its promise to achieve significant deficit reduction and to move us back toward the surpluses that were achieved during the late 1990s. I believe that over the long run, fiscal discipline and balanced budgets form the best foundation for a strong economic future. As the U.S. Senate continues to address budget issues, please be assured that your views will be very helpful to me and my staff. I hope that you will continue to share your views with us in the years ahead. I would also invite you to visit my website at www.webb.senate.gov for regular updates about my activities and positions on matters that are important to Virginia and our nation. Sincerely, Jim Webb United States Senator JW:cw |