Texas Insider Report: WASHINGTON D.C.
Over the last two years Democrats have hindered real economic growth by trying to spend & regulate their way to growth but all that has resulted in is unemployment over 8.5 for 28 consecutive months & a national debt over $14 trillion.
Yet even as he is requesting a debt limit increase neither President Obama or his party have offered a concrete plan to manage down the debt and they continue to insist on raising taxes on working families & small businesses.
Let me be clear Republicans will not agree to tax increases. Period."
House Majority Leader Eric Cantor (R-OH) following the national jobs report showing unemployment increased further to 9.2 in June.
Economic growth & job creation must remain the top priority for this Congress. Small businesses & job creators face tremendous economic uncertainty from the onslaught of new regulations the threat of higher taxes & skyrocketing gas prices making it harder for businesses to hire and preventing capital investment. Read Cantors full statement can be read HERE. Spending Cuts & the Need For Managing Down the Debt On Thursday morning Cantor joined CBSs The Early Show" to discuss the need for spending cuts and managing down the debt. For the last six or seven weeks weve had ongoing discussions about how to address the core problem issue is that the country is spending entirely too much money ... its borrowing 40 cents of every dollar it spends. We cant afford
to do that just like people around their kitchen tables and small businesses cant afford to do it.
So how are we going to address that situation? Thats first & foremost.
We put together a package of trillions of dollars of savings. I believe that both sides can come together to begin to embrace those savings and manage down the debt and deficit and in return the President has asked us to increase the debt limit of this country.
Again I hope that we can do this and we can begin to focus again on how people get back to work. In my hometown of Richmond people are very anxious about this economy and they are looking to see how we can get back to a growth oriented picture."
View the whole interview HERE.
Cantor: We Must Come Together On Spending Cuts & Get Our Fiscal House in Order.
On Thursdays Today Show Cantor discussed getting the U.S.s fiscal house in order saying
It is very hard to sit here and say were going to increase the credit limit of the country when we have over $14 trillion in debt right now. All of us believe that America pays its bills just like every family and business is expected to. So we look at this as a situation where we can come together and rally around trillions of dollars in spending cuts."After Two Years of Democrats Failed Policies Growing Jobs & the Economy On CNBCs Squawk Box Thursday Cantor addressed how Republicans think about growing the economy. Lets remember where weve been over the last two years. This theory of flushing out dollars from Washington to grow the economy has failed. Look at where the stimulus has gotten us. It has gotten us over $800 billion in debt from that very vote that the Democrats passed and with no effect in terms
of delivering on their promise to keep unemployment at 8 or lower.
Were over 9 now officially. Weve been there done that so lets try and address the problem here.
The problem is spending. We have on the table trillions of dollars of spending cuts identified that both sides can get their arms around and go forward with in order to increase the credit limit. People in this country are expecting us to deliver on spending cuts andchanging the system.
They dont want us to be spending dollars like they were spent before.
They want us to demonstrate that things have changed and that we are going to manage their taxpayer dollars the same way they would."
You can view the whole interview HERE.
Cantors Rule on Governing?
- Are my efforts addressing job creation and the economy?
- Are they reducing spending?
- Are they shrinking the size of the federal government while protecting and expanding liberty?
- If not why am I doing it … Why are WE doing it?
