This week in Washington, government spending dominated discussion amongst Congress and the Administration. Unfortunately for the American people, President Obama wants to continue his trend of out-of-control spending when our nation can least afford it. The new Majority in Congress believes it is past time for the President and Congressional Democrats to join our efforts in supporting policies that will cut spending, keep taxes low to spur job growth and regain control of our nation's debt.
On Monday, President Obama released a $3.73 trillion budget blueprint filled with more taxing, borrowing and spending for fiscal year 2012. The President used new rhetoric to mask his call for more irresponsible spending at a time when our nation's leaders should focus on making cuts to Washington's bloated budget. In addition to his announcement of more spending, the President also projected this week that our deficit will surge to an all-time high of $1.65 trillion this year.
As if the projection of the highest deficit in our nation's history wasn't enough, the Administration received another reminder of their failed fiscal policies with the two-year anniversary of the economic "stimulus" this Thursday. The Obama Administration sold the "stimulus" as a solution to keep the unemployment rate below 8 percent, yet a record 21 months of unemployment above 9 percent tells every American that the so-called "stimulus" does not live up to the sales pitch.
Clearly, our nation cannot borrow and spend our way to economic prosperity and the American people expect more from Washington than a continued pursuit of misguided economic policies. That is why House Republicans took action this week to cut spending by $100 billion and will continue to find ways to cut more spending in the 112th Congress. I am committed to providing real relief for our nation's families and businesses so that we can get our economy back on track and put the American people back to work.