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Speaker Boehner: "It's clear the president and his team haven't gotten the message the American people sent in November: we can't spend and borrow our way to prosperity."
Contact: Michael Steel, Brendan Buck, Kevin Smith, 202-225-0600
WASHINGTON, Jan. 26, 2011 /Standard Newswire/ -- House Speaker John Boehner (R-OH) responded today to a new Congressional Budget Office report showing that the federal government will run a $1.5 trillion deficit this year by questioning the Obama Administration's decision to follow the president's request for an increase in the debt limit with a call for new "stimulus" spending, rather than a commitment to work with Republicans to enact significant spending cuts and budget reforms:
- "Earlier this month, the Obama Administration asked Congress to raise the debt limit. Republicans responded by saying the American people won't tolerate such an increase unless it's accompanied by major spending cuts and spending reforms. Instead of committing last night to those spending cuts and reforms, the president called for more 'stimulus' spending. It's clear the president and his team haven't gotten the message the American people sent in November: we can't spend and borrow our way to prosperity. To boost private-sector job creation and help the economy grow, we need to cut spending and enact serious budget reforms to ensure we keep cutting spending."
