The first step towards fixing a problem is admitting you have one.
Texas Insider Report: WASHINGTON D.C. In response to President Obamas speech at George Washington University on Americas national fiscal crisis U.S. Sen. John Cornyn (R-Texas) today issued the following statement:
The first step towards fixing a problem is admitting you have one. This the President finally did today. While the President didnt lead on this issue House Republicans did in a display of great political courage. This speech comes five months after the Presidents own fiscal commission provided irrefutable evidence of this impending crisis and after he offered a budget which would doubles the debt in five years and triple it in ten years.
President Obama has proven adept at giving speeches long on rhetoric and short on specifics and todays speech was no different. But Americans were not fooled: higher taxes will not solve our nations economic woes. Whats more the President should withdraw his flawed debt-laden budget and replace it with one that cuts spending and facilitates economic growth as opposed to the same old tired tax and spend policies we have come to expect. "
Senator Cornyn serves on the Finance Judiciary Armed Services and Budget Committees. He serves as the top Republican on the Judiciary Committees Immigration Refugees and Border Security subcommittee.
