With the unveiling of President Obama’s “budget” today, the House Republican Conference is out with a new video. Despite never balancing or dealing with our long-term deficit problems, the President’s proposal today also contains more than $1 trillion in new tax hikes!
House Republican Conference Chair Cathy McMorris Rodgers (R-WA) delivers this week’s address, calling on President Obama and Senate Democrats to negotiate a solution to the President’s devastating spending cuts, known as the sequester. The President’s sequester went into effect March 1st. The Democrat-led Senate has not passed any replacement plan, and the President has not put any solution forward. The House has acted–twice–to replace the sequester with responsible cuts and reforms. Washington Democrats must act.
The growing national debt demands immediate attention and real solutions from America’s elected leadership.
That was the message delivered yesterday by a group of young Americans at a press conference with House Budget Committee Chairman Paul Ryan (R-WI) and Representative Cathy McMorris Rodgers (R-WA).
“The greatest dysfunction of all is the fact that these young people standing here are facing a diminished future, no matter how you slice it,” said Ryan. “This isn’t a Republican issue. It’s not a Democrat issue. It’s a math issue.”
“Sixteen trillion dollars is a huge number, and individually, if you do the math, each of us are over a hundred thousand dollars in debt,” said Sohaani Perera, an attendee from College Park,Maryland.
“I’ve never even seen that much money in my life, and the idea of being that much in debt for something I’m not even responsible for – I feel penalized, and so does the rest of my generation,” she said.
Representatives Adam Kinzinger (R-IL) and Aaron Schock (R-IL) also spoke at the press conference, which was sponsored by the House Republican Conference, chaired by McMorris Rogers.
“I think it’s unfair of us now to ask that once [young people] become—once they have families, once they’re out in the workplace, that we ask them to bear the national debt because of our out-of-control spending,” said Kinzinger.
Other students worried about whether or not the entitlements they are paying for would be there when they retired.
“My other concerns are that when I do reach the age where I will be able to collect Medicare and Medicaid, that it’s not going to be there,” said Katelyn Williams of Hempstead, New York.
That’s right. Without real reforms, these programs will not be there for these students. They must be reformed.
The debt issue is one of basic responsibility, said John Pendleton ofRichmond,Virginia.
“I feel like I’ve been fiscally responsibly in saving money, so I expect the government to do the same,” he said.
Obama Administration, IMF & EU Continue to Go in Wrong Direction;
Tens of Billions of US Tax Money Threatened;
Only Real Solution is Fiscal Discipline
Spokane, WA – With European Union (EU) leaders meeting in Brussels today amidst growing concern that Greece may abandon the euro after receiving about $500 billion in global bailouts, Rep. Cathy McMorris Rodgers (R-WA), Vice Chair of the House Republican Conference, released the following statement warning that the decisions by the EU, the International Monetary Fund (IMF), and the Obama Administration to paper over the European debt crisis with bailouts – partly funded by U.S. taxpayers – will fail and the only way to truly solve the crisis is through serious fiscal discipline:
“At this point, it should be clear that America and the IMF are throwing good money after bad, and the only real solution is for Greece and the European Union to stop their borrowing addiction, instead of papering it over. The Greek bailout, in particular, has been a failure. When the bailouts began in May 2010, Greece’s debt-to-GDP ratio was 113 percent. Today, it’s 159 percent. And Greece continues to run a deficit equal to 10 percent of its economy. There is no way for Greece to start reducing its debt burden until those deficits stop. It’s just simple math. Of course, that’s equally true for America. We’re not that far behind. Which is why we must start getting serious about protecting U.S. tax dollars and ending the ‘too big to fail’ philosophy. The only thing ‘too big to fail’ is America itself.”
Nearly one-third of the Greek bailout is financed by the IMF, and the U.S. is the largest contributor to the IMF. In March 2010, Rep. McMorris Rodgers was the first Member of Congress to publicly oppose U.S. participation through the IMF in the EU bailouts. She is the author of HR 2313, which would rescind what remains of a $100 billion line of credit to the IMF (created in 2009, known as the “New Arrangements to Borrow”), which is being tapped for the European bailouts. The bill has 94 cosponsors.
“The purpose of reducing our IMF funding to pre-Obama levels isn’t to punish Europe. Rather, it’s meant to help Europe make the tough choices that are necessary for a true, sustainable recovery. That recovery can’t happen until job creators – in Europe and the U.S. – gain confidence that the world’s governments have the discipline to get spending and borrowing under control and unleash the power of free enterprise.”
A compilation of the Congresswoman’s work on this issue can be found here.
In the Weekly Republican Address, House Republican Conference Vice-Chairwoman Cathy McMorris Rodgers (R-WA) discusses the failure and lack of leadership behind the president’s budget proposal for the 2013 fiscal year. His budget pretends to cut spending that’s already enacted into law, and he fails to address the true economic challenges our country faces every day. House Republicans have a plan, and we’re working to help boost our economy by cutting government spending and reducing burdensome regulations for small businesses. Learn more at http://jobs.gop.gov
“Hello, I’m Cathy McMorris Rodgers, and I have the honor of the hardworking taxpayers of Eastern Washington. I’m also a mother of two young kids, Cole and Grace, and like millions of other moms across America, I’m concerned about our children’s future, and the economy they’ll inherit.
“On February 23rd 2009, during a fiscal responsibility summit at the White House, President Obama made a promise to the American people. ‘I’m pledging,’ he said, ‘to cut the deficit we inherited by half by the end of my first term in office.’
“Well, in the budget he submitted this week to Congress, the president admitted he won’t keep his promise. He won’t even come close. Because of the president’s failure to control spending, the government will run trillion-dollar deficits in each of his four years in office.
“President Obama’s broken promises have left our country broke. On his watch, the size of our debt has surpassed the size of our entire economy – making it harder for small businesses to create jobs and pushing us closer to a fiscal crisis.
“I’m afraid his budget is even worse than it looks. More than half of the proposed ‘savings’ in the president’s budget for the next year – about $2 trillion – are already law. These savings come from the Budget Control Act – the bill congressional Republicans insisted that the president sign last year in response to his demand for an increase in the nation’s debt limit. The president spent nearly six months last year resisting those spending reductions, until he finally listened to the people. Another almost $1 trillion in ‘savings’ comes from what we call the ‘war gimmick’ – money that was never requested and will never be spent on wars in Iraq and Afghanistan. Those aren’t real savings. Do the math and you’ll discover that the president’s budget only achieves, at most, about a tenth of the savings it promises. This kind of accounting would sink any business or household.
“It isn’t all that surprising, however, when you consider that a lot of what President Obama promised about the economy has turned out to be untrue.
“Friday marked the three-year anniversary of the infamous ‘stimulus’ spending bill. The president’s team said the unemployment rate would stay below eight percent if taxpayers gave his party a blank check to spend on government programs, but that promise didn’t pan out either. In fact, unemployment has been above eight percent for three years running. Gas prices have nearly doubled since the president took office. And the new health care law is making it harder for small businesses to hire new workers and provide insurance for their employees.
“You see, the president and his party have it all wrong. They believe they can grow the economy and create jobs by increasing government spending and raising taxes, including taxes on small businesses. But the American people know that the way to grow the economy and create jobs is by cutting government spending and keeping taxes low for all taxpayers.
“Unfortunately, the president’s budget continues on this wrong path. Instead of leading the effort to bring down our debt and make tough choices, the president is proposing that we spend more and more. All his wasteful spending puts us deeper in debt to China. All his tax hikes would destroy jobs and make it tougher to compete with China.
“If we keep on going like this, the consequences will be devastating. As we’ve learned from Greece and the European Union, no country can escape the costs of big government policies forever. The president’s budget isn’t a blueprint for America – it’s a roadmap to Greece.
“It didn’t have to be this way. The president and his party have been given numerous opportunities to rein in spending and help create a better environment for job creation, and they’ve punted almost every time. The president’s Democratic colleagues in the Senate haven’t produced a budget in nearly three years. That’s like writing checks all year long without balancing your checkbook. They wouldn’t even accept spending cuts to go along with the payroll tax holiday extension agreed to by Republicans and Democrats this week – spending cuts that came mostly from the president’s own proposals.
“And now, after breaking his promise to cut the deficit in half, the president can’t even offer a credible budget. That just isn’t leadership.
“The American people deserve better. My children and yours – who will inherit this debt – deserve much better. This spring, Republicans will again offer a pro-growth budget that lifts the crushing burden of debt and secures a future of opportunity and prosperity. This budget is part of Republicans’ Plan for America’s Job Creators, which removes government barriers to private-sector job creation – a stark contrast to the president’s failed ‘stimulus’ approach. Learn more about the Republican jobs plan by visiting jobs.GOP.gov.
“Thank you for listening, and God bless America.”
Delivering the Weekly Republican Address, Rep. Jeb Hensarling (R-TX) discusses Republicans’ continued efforts to create a better environment for private sector job creation and address America’s debt crisis. Earlier this week, the Republican-led House passed ‘cut, cap, and balance’ legislation that cuts spending, promotes private sector job growth, and avoids a government default. The measure received bipartisan backing in the House and strong support from the American people. Rep. Hensarling is chairman of the House Republican Conference.
“Hello, I’m Congressman Jeb Hensarling of Texas and I serve as the chairman of the House Republican Conference.
“You know, unfortunately, every day we hear about some friend or some neighbor who just got laid off or still can’t find a job. The Obama Administration promised its ‘stimulus’ plan would help keep unemployment below eight percent. And instead, unemployment has been above eight percent for 29 straight months, the longest such stretch since the Great Depression. 14 million of our fellow citizens remain out of work. So is it any surprise that the number one question in America remains, ‘where are the jobs?’
“You know, by and large, it’s a lack of confidence in our nation’s future that’s holding our economy back, whether it’s uncertainty about our national debt, uncertainty about taxes, uncertainty about all the regulations and mandates that just keep pouring out of Washington. Small business owners are pleading for the government to stop the reckless spending, balance the budget, and then just get out of the way.
“That’s why the Republican-led House is focused on removing government barriers to private-sector job growth – the kind of growth the President promised with his ‘stimulus’ but failed to deliver. As part of our Plan for America’s Job Creators, we’ve passed a series of jobs bills to cut wasteful Washington spending, rein in needless red tape, and increase American energy production. Our plan includes the budget, written by Chairman Paul Ryan and the Budget Committee that actually pays down our debt over time and paves a path to prosperity and economic growth.
“We Americans are the best entrepreneurs and workers in the world. Given a level playing field, we can compete and win against anyone, anywhere, anytime. But not as long as the policies coming out of Washington remain harmful to jobs. What we need to do is get government out of the way so our economy can get back to creating jobs.
“That’s what makes this debate we’re having about America’s fiscal future so important. Our government has gotten so big, so expensive it’s keeping our economy from recovering as it should. Job creators are fearful that our $14 trillion debt is going to lead to higher taxes, which could harm their businesses and destroy even more jobs.
“Just this week the co-founder of Home Depot, Bernie Marcus, when he was asked what’s the ‘single biggest impediment to job growth,’ he answered: ‘The U.S. government.’ He went on to say: ‘If we don’t lower spending and if we don’t deal with paying down the debt, we are going to have to raise taxes … [and ] when you raise taxes, you cost jobs.’ This sentiment is echoed by small business people and entrepreneurs from coast to coast.
“The American people have long since said, ‘It’s time to quit spending money we don’t have. It’s time to stop borrowing 42 cents on the dollar – much of it from the Chinese – and then sending the bill to our children and grandchildren.’
“Credit rating agencies have spelled out the consequences of failing to heed this message, warning that even if we’re able to avoid any type of default, that may very well downgrade our status unless we take serious action to get our fiscal house in order.
“That’s why the House this week passed ‘cut, cap, and balance’ legislation.
“First, the legislation immediately cuts government spending to 2008 levels. You know, I just haven’t really met anybody who thought government was too small before President Obama became president.
“Second, it puts caps in place to ensure government spending is put on a glide path to be no more than 20 percent of our economy, as it has been on average since World War II.
“Last, but not least, it amends the Constitution to balance the budget once and for all. Every family, small business, and almost every state has to balance their budget. Why should the federal government be any different? And our plan accomplishes this without imposing job-crushing tax hikes.
“Now unfortunately, the Democratic-led Senate tabled this common-sense measure despite the fact it received bipartisan backing in the House and overwhelming support from the American people.
“You know, the Democrats who run Washington are pretty good at telling us what they’re against, but they have yet to put a plan on the table that tells us what they’re for. Speeches and press releases won’t do the trick. It’s time for some action. Senator Reid, if you don’t like our plan to deal with the debt crisis, where is your plan? Mr. President, if you don’t like our plan to deal with the debt crisis, where is your plan?
“If we’re going to avoid any type of default and downgrade – if we’re going to resume job creation in America – the president and his allies need to listen to the people and work with Republicans to cut up the credit cards once and for all.
“It’s time to ‘cut, cap, and balance.’ That’s what will give us jobs, hope, and opportunity. Thank you for listening.”
Today Leader Cantor sent a message to Democrats by opening the door to a clean vote on the debt ceiling and signaling that House Republicans will not raise the nations debt limit without significant add-ons that reduce the out of control spending binge our government has been on over the past several years.
Democrats, including Senate Majority Leader Harry Reid, have called for a stand-alone vote to raise the debt ceiling.
“But again our position has been this: we will not support an increase in the nation’s credit limit without serious, real changes to the way this town does business and the way we spend taxpayer dollars,” Cantor said, after emerging from a closed House Republican Conference meeting in the basement of the Capitol.
The clean debt ceiling vote is seen as a political non-starter on Capitol Hill. Democrats in the Senate and the White House have grown more comfortable with voting for legislative riders to cut spending and lower the deficit in order for the House to pass a debt ceiling hike.
I applaud Leader Cantor for this strong opening stance. We need to encourage the leadership to hold steadfast to this position as well as letting them know they have our complete support for as long as they continue to do so. November 2, 2010 was a mandate to get our fiscal house in order and the House is were these battles will be fought and won…
Rep. Jeb Hensarling (R-TX) delivers the Weekly Republican Address, calling on President Obama to end the out-of-control government spending and massive debt that is hurting our economy. Rep. Hensarling also outlines actions taken by House Republicans to cut government spending.
“Hi, I’m Congressman Jeb Hensarling of Texas, and I serve as Chairman of the House Republican Conference.
“Now down here in Texas, we have a saying: ‘when you’re digging a deep hole for yourself, stop digging.’
“Now this isn’t a rule the powers-that-be in Washington have been willing to follow, and because of that American workers are clearly paying the price.
“Under President Obama’s economic policies, we’ve seen not only our first, but our second trillion dollar deficit in our nation’s history, and we are well on our way to our third.
“These deficits are unsustainable and unconscionable. They add uncertainty to our economy. They weaken confidence in our government. And they keep job-creating investment on the sidelines.
“Now to help get our economy back to creating jobs, we need to end the spending binge in Washington and get government out of the way. We need to stop the digging. That’s what history tells us, it’s what economists tell us, and that’s what the American people are demanding.
“Instead of working with us to cut spending though, President Obama has asked Congress to yet again increase the debt limit. Now no one wants America to default on its debt.
“But if the President wants our help to pay off his debts, he’s going to have to begin the process of cutting up the credit cards. In other words, we need major spending cuts and major spending reforms.
“Unfortunately, instead of committing to these cuts and reforms, the President has called for – are you ready for this – even more ‘stimulus’ spending, as ineffective as it’s been.
“Now, you’ve probably heard the President talk about cutting spending, but what he’s really after is savings to pay for more quote-unquote ‘investments’ in yet even more ‘stimulus’ programs.
“You know, my questions for the President are these: Mr. President, how does spending us down the road to national bankruptcy help us ‘win the future’? And Mr. President, how does borrowing even more money from the Chinese make us more competitive?
“After two years, it’s pretty clear we can’t borrow, spend, and bail out our way to economic prosperity. No nation can. So while I appreciate the President’s ‘can-do’ rhetoric, his job-destroying policies won’t do, and that’s what matters most to American families.
“Now the new House majority is listening to the people and taking a responsible approach to cutting spending and growing our economy. Here’s what we’ve done since going to work on behalf of the American people just one month ago today:
“We voted to reduce the deficit by $700 billion and to reduce spending by more than $2.6 trillion by repealing the job-destroying health care law. This week, our Republican colleagues in the Senate kept their promise to fight for repeal.
“We voted to save taxpayers $617 million by ending taxpayer funding for political candidates and conventions.
“We banned Congressional earmarks and cut our own budget by five percent, because you’ve got to lead by example.
“We’ve changed the culture of the House by now holding weekly ‘YouCut’ votes to actually cut spending and eliminate wasteful government programs.
“And this month, we will put forward a continuing budget resolution that outlines billions of dollars in spending cuts because we pledged to cut spending back to the pre-‘stimulus,’ pre-bailout levels.
“In order to get Americans back to work and create jobs, there is no limit to the amount of spending that we’re going to be willing to cut.
“Of course, Americans know you don’t simply ‘win’ the future, you’ve got to plan for it.
“And that’s what makes this issue so important. Washington’s spending binge isn’t just hurting our workers, it’s threatening our children’s future as well.
“We’ve reached a tipping point where we are firmly on the course to be the first generation in America’s history to leave the next generation with less freedom and a lower standard of living. In other words, loss of the American Dream.
“It doesn’t have to be this way. If we are principled, if we are courageous and smart, together we can preserve the torch of liberty for our children and our grandchildren and they will have a brighter future.
“Thank you for listening.”