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Entries in fiscally (1)

Tuesday
Mar242009

Obama’s budget adds “$1 trillion to the national debt every year for the next ten years”

By Kayleigh Harvey - Talk Radio News Service

At a House GOP leadership stakeout this morning Republican leader Congressman John Boehner (R-OH), Republican whip Congressman Eric Cantor (R-VA), Congresswoman Cynthia Lummis (R-Wyo.), Congresswoman Cathy McMorris Rodgers (R-WA), Congressman Paul Ryan (R-WI) and Congressman Mike Pence (R-IN) criticized President Obama’s budget proposals prior to his press conference this evening.

Congressman Boehner said: “The President’s budget spends too much, taxes too much and it borrows too much from our kids and grandkids...if you look at the debt numbers in his budget you will see that over the next six years President Obama will create more debt than his 43 predecessors have in the last 220 years.”

Congressman Cantor added: “I believe we will have our alternatives as to how we see this country going forward. You may hear the President talking tonight about how the Republicans are going to resist because they have no ideas...it’s just not true, he knows it’s not true. The leader and I handed him our vision of a stimulus bill back a month or so ago.”

Congressman Pence accused President Obama’s budget of “bringing forward the largest tax increase in American history” and “adding more than one trillion dollars to the national debt every year, for the next ten years.” He labeled the budget “fiscally irresponsible.”