WASHINGTON D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement upon the announcement that Senate Democrats will support President Obama's more-of-the-same spending plan:
"The federal government is currently borrowing 40 cents of every dollar that it spends and we're averaging trillion dollar deficits each year, and the Obama-Reid plan is to... do nothing. The Obama-Reid plan advocates a so-called freeze that locks in bloated spending levels which increased 24% over the past two years and then takes any spending reductions and immediately 'invests' them back into more big-government spending. The status quo is not an acceptable or serious plan, and was overwhelmingly rejected by the people in the last election. It would continue to lead us down the road to massive debts, deficits and follows the flawed philosophy that Washington knows best when it comes to job creation and economic growth.
"In contrast, House Republicans are fully committed to using every tool at our disposal to rein in out-of-control spending so that we can foster an environment for economic growth and create jobs. This week, we are considering the Continuing Resolution which reduces spending by $100 billion and represents the single largest spending cut in modern history. Republicans have made clear that our budget will take the serious steps needed to start getting our fiscal house in order and get people back to work. We cannot continue to gamble away our children's future to back more government-sponsored stimulus efforts.
"Unfortunately, while Democrats talk a big game about fiscal responsibility, they then turn around and filibuster in the House and propose more ways to spend taxpayer money like this Obama-Reid plan. House Republicans represent only one third of the decision making process here in Washington, but we are the only group thus far that has been willing to lead. It is high time Democrats stop running from reality and work with us on common-sense policies to address the looming fiscal crisis and create an environment that encourages businesses to grow and create jobs. Mr. President, the opportunity is here for us to work together, but it's time to start leading."