Leader Cantor: President Obama Has Failed To Show Leadership On The Budget

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“Good morning. I’m told it is the second anniversary of the stimulus this week and what better way for the President to celebrate that than to double-down on the same failed policies in that nearly trillion dollar bill. The federal government is borrowing nearly forty cents of every dollar that it spends. The President’s budget, as unveiled yesterday, does not deal with that situation and in fact makes it even worse. And by making the spending and borrowing situation even worse it makes it tougher for job creators to get back into the game.

 “Compare that to what Republicans are doing. Today, Republicans are hitting the floor with a first big step towards trying to get our fiscal house in order by delivering on our commitment to cut more than 100 billion dollars this fiscal year. We are also looking, when we come back, to try and address the concerns that small business owners have with the mandate in the ObamaCare bill forcing business owners to issues 1099 forms to all vendors that they do business in the amount of $600 dollars or more.

“These are the kinds of things that people are looking for in order to create a better environment for job growth. Where is Nancy Pelosi? Where is Harry Reid? They have failed to even begin to offer a coherent vision forward. As you know, we will be proceeding with the Budget Committee’s leadership under Chairman Paul Ryan, in crafting a budget that speaks to the fiscal situation in this country. We will be specific about bold reforms unlike any of the Democrats on Capitol Hill or certainly what is in the President’s budget.” 

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