Today, I was honored by the Club for Growth with the Defender of Economic Freedom Award. 49 Members of the House and 6 Senators received the award as well.

This award is granted to those members who demonstrate a strong commitment to economic freedom and free-market principals.  In order to receive this award, reciepients must have earned at least a 90% rating on the Club for Growth’s most recent scorecard. 

For your convenience I have listed the winners below.

Yesterday, the Congressional Budget Office (CBO), released its Monthly Budget Review, and not to my surprise it stated “The federal government incurred a deficit of $268 billion for the first nine months of fiscal year 2008, CBO estimates, $148 billion more than the shortfall recorded during the same period in 2007.”

CBO also estimates that about $79 billion of that change is a direct result of the Economic Stimulus Act that passed the House at the beginning of this year.

We are now seeing the direct effect from reckless spending without reductions elsewhere.  I have said it before and I will say it now, both Republicans and Democrats need to understand that if we continue on our current course we are on a collision course for the highest debt in American history.