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High government spending a concern Moore Capito
WASHINGTON (3/3/11)--Rep. Shelley Moore Capito (R-W.Va.) believes concern about runaway government spending is starting to seep into average American households. She said it is due in part to the economic recession, which has made more citizens budget conscious. “The good thing about American families is they know what we are up against in Washington,” she told a morning general session of the Credit Union National Association’s (CUNA) 2011 Governmental Affairs Conference. “They know from their own experiences,” said Capito, who is a member of the House Financial Services Committee. “We are creating debt as far as the eye can see,” she added. Capito said CUNA can make a meaningful contribution in the area of fiscal responsibility because of its role as “one of the most forceful and effective lobbies on Capitol Hill.” During the speech, she also was critical of the proposed new Consumer Financial Protection Bureau, questioning whether it might stifle the financial sector. “It would mean that we will have nine different agencies overseeing banks, and various types of financial institutions,” she said.


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