CLAIM: We already cut spending. We’re half way to our deficit reduction goal!

  • “We are more than halfway towards the goal of $4 trillion in deficit reduction that economists say we need to stabilize our finances.” (President Obama, State of the Union Address, February 12, 2013)

FACT: After four years of 'stimulus'-style spending and trillion-dollar deficits, every American now owes more than $52,000 on our $16 trillion (and growing) national debt. We need serious spending cuts and reforms.

BOEHNER QUOTE: “Passing a budget is one of the most basic responsibilities of governing. But the Senate has failed to fulfill this responsibility for nearly four years. In that time, our debt has risen to the point that it now exceeds the size of our entire economy. ... Every day that goes by without [a budget] is another day we are failing to solve our spending problem and putting our economy at unnecessary risk.” (Op-ed in Pittsburgh Tribune-Review, 2/4/13)

 

* * * * * Stay tuned for Republican Address to the Nation – LIVE on GOP.gov/SOTU – immediately following the State of the Union message. * * * * *