House Speaker John Boehner (R-OH) released the following statement today upon release of President Obama’s FY12 budget proposal:
“The president’s budget will destroy jobs by spending too much, taxing too much, and borrowing too much. By continuing the spending binge and imposing massive tax hikes on families and small businesses, it will fuel more economic uncertainty and make it harder to create new jobs.
“The president’s budget isn’t winning the future, it’s spending the future. A group of 150 American economists signed a statement sent to the White House yesterday that says we need to cut spending to help create a better environment for job creation in our country. Our goal is to listen to the American people and liberate our economy from the shackles of debt, over-taxation, and big government. That’s why the new House majority will vote this week to cut $100 billion in discretionary spending over the next seven months – with more cuts to come – in contrast to the Obama administration, which has proposed no cuts to the current fiscal year’s budget while simultaneously asking for an increase in the national debt limit. And in the coming weeks, Budget Chairman Paul Ryan will offer a comprehensive budget for the next fiscal year that will contrast sharply with the president’s job-crushing FY12 budget.”
NOTE: Click here to read the statement by 150 economists urging spending cuts to help create a better environment for job creation.
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