April 11th, 2009
11:06 AM ET
5 years ago

GOP: Budget creates 'mountains' of debt

(CNN) – Minnesota Gov. Tim Pawlenty charged that President Obama’s budget “creates mountains of new debt that will ultimately require higher taxes on all of us and our children.”

“I think that's wrong. Families are hurting now and small businesses can't create new jobs soon enough. Isn't it time we stopped working for the government and that government started working for us?” Pawlenty said in the weekly Republican address.

Noting that this isn’t a “Republican versus Democrat debate,” Pawlenty said he thought Obama’s proposals to eliminate capital gains for small businesses and lower taxes for the middle class were good ideas.

“But the budget that Congress is considering doesn't provide that tax relief,” the Republican governor said.

Pawlenty offered what he called a “novel ideal of the federal government.”

“Instead of collecting more taxes and then redistributing them through more federal programs, why don't you just let us keep more of our money in the first place?” he said.

“I urge President Obama and the Democrat-led Congress to let hardworking American families keep more of what they earn by cutting taxes and reining in spending. It's just common sense,” he added.

Full remarks after the jump

Transcript:

“Hi, I'm Tim Pawlenty, Governor of Minnesota.

“This weekend, my wife Mary and I are finishing up our tax returns – just like I'm sure many of you are.

“It's a time when a lot of us look at our family's finances and ask some pretty tough questions, like are we saving enough for our kids' college? Will we be able to retire at a normal age? And what might happen if the recession gets worse, like it has over the last 2 months, when over 1 million Americans lost their jobs?

“I know for a lot of folks, the answer to these questions are pretty grim these days. Nationwide, unemployment is at a 25-year high as companies lay off employees or go out of business altogether. It's at times like this when families – and businesses – feel a need to hold on to every dollar they can.

“But think about this: according to the non-partisan Tax Foundation, the average American has to work from January 1st until this Monday, April 13th just to earn enough money to pay all their taxes for the year – that's just two days before taxes are actually due, on April 15th.

“And then consider this: If the Democrat majority in Washington gets its way, most family's tax burdens will be even higher.

“Now this isn't a Republican versus Democrat debate. I thought President Obama's proposal to eliminate capital gains taxes for small businesses was a pretty good idea. And his pledge to lower taxes for middle class Americans was something Republicans whole heartedly supported.

“But the budget that Congress is considering doesn't provide that tax relief. And rather than eliminate capital gains taxes for small businesses immediately so they can create jobs right now, their budget keeps those taxes high until after President Obama's term in office. And most concerning, this budget creates mountains of new debt that will ultimately require higher taxes on all of us and our children.

“I think that's wrong. Families are hurting now and small businesses can't create new jobs soon enough.

“Isn't it time we stopped working for the government and that government started working for us?

“Here's a novel idea for the federal government: instead of collecting more taxes and then redistributing them through more federal programs, why don't you just let us keep more of our money in the first place?

“The federal government should keep a lid on taxes, control government spending, and borrow less – rather than increase the size and scope of the federal government so much that Washington is guaranteeing future tax increases. And while they're at it, they should also focus on making government work better, not making it bigger.

“It's time to prioritize spending, cut taxes to help families pay their bills and stimulate job creation. And let's get control of our national debt, so future generations aren't burdened with unbearable taxes.

“I urge President Obama and the Democrat-led Congress to let hardworking American families keep more of what they earn by cutting taxes and reining in spending. It's just common sense.

“I'm sure you will agree, especially on April 15th when your taxes are due.

“Thank you for listening and have a blessed Passover and Easter.”


Filed under: Tim Pawlenty
soundoff (157 Responses)
  1. Seth in Jacksonville, FL

    Tried this strategy – didn't work. Remember the last eight years of tax cuts? What did that get us?

    April 11, 2009 11:07 am at 11:07 am |
  2. 60's survivor

    of course. nothing new here. same old sAme old !!

    April 11, 2009 11:11 am at 11:11 am |
  3. Marilyn, Powell Ohio

    Where were the GOP clan when they, along with Bush, were spending like we had a bottomless pit? Now that they have helped create a mess and ignored the important factors of our economy, they are nay-sayers. Pathetic!!

    April 11, 2009 11:14 am at 11:14 am |
  4. Billy

    Like the mountains of debt left behind by the Republicans for the last 8 years?

    April 11, 2009 11:14 am at 11:14 am |
  5. lynn in NM

    Ya think??? So do the bailouts. It would have been cheaper to give every man, woman and child $10,000. That would have given them money to pay their bills AND stimulate the economy at the same time. Of course, that wouldn't have paid back the campaign contributions given by the big businesses that we are now bailing out.

    April 11, 2009 11:20 am at 11:20 am |
  6. Bob

    By the way, the previous mountain of debt was all approved my a Congress with a Democrat majority. When will people see that the problem is not D or R? It's Government!!!

    April 11, 2009 11:21 am at 11:21 am |
  7. Squigman

    Yes, and a vote for a republican creates a country with a collapsed economy. Never in the history of our nation have more people been placed in harms way by their government than they were in the period between 2000 and 2009. Like it or not the facts dont lie. The republicans tried everything possible to break the nation.

    April 11, 2009 11:23 am at 11:23 am |
  8. C W

    The Republicans are running scared because they know Americans have learned the hard way that the Republican economic policies of tinkle-down, voodoo economics don't work. If they did work, Reagan and W would not have saddled our country – TWICE – with huge deficits and debt.

    Republicans are also running scared because they know that Obama's policies WILL work, with the result being not only a restored and strengthened economy, but a larger middle class and a country that is again united for its common good.

    That kind of political success beats lies, fear, division and hate every time.

    April 11, 2009 11:24 am at 11:24 am |
  9. JOHN DEITERING

    Mountains of debt? Even more "mountainy" that the 5 TRILLION that Bush gave us? Here's the difference: the Bush debt when to wealthy, CEO's, corporations and defense contractors. The Obama debt will go to the middle class and middle class infrastructure like energy and health.

    April 11, 2009 11:25 am at 11:25 am |
  10. Doug

    The Governor would have a lot more credibility had he spoken out when the GOP was doubling the national debt in the last eight years. If it is bad now, when we are in a real economic crisis, why wasn't it a bad idea then? Furthermore, it was the GOP that got us into this mess in the first place. The people who started the fire can't complain that the fireman is using too much water. Lastly, how about joining in in finding a solution other than more tax cuts for the rich which seems to be the only idea the GOP has these days.

    April 11, 2009 11:25 am at 11:25 am |
  11. Barbara Campbell

    Actually, it's been Republican administrations that have created mountains of debt as huge sums have been transferred from the US Treasury to the pockets of the rich and powerful. This has been done through corporate welfare, no-bid contracts, tax breaks, and deregulation. The American people were left holding the bag when Bush left office.

    Now that President Obama is trying to undo the damage and level the playing field – by raising taxes on the rich and eliminating corporate welfare – the neocons are up in arms. Pawlenty and the rest of the rightwing have taken care of their own for long enough. WE THE PEOPLE are taking our country back, and the neocons can rant and rave all they like.

    April 11, 2009 11:26 am at 11:26 am |
  12. Clarky

    Aren't these the same GOP idiots who were fighting against the Obama stimulus plans, which is now pulling us out of a Recession?
    When will the GOP learn that just saying "NO!" is not the way to run a Government.
    The GOP is fast headed to oblivion.

    April 11, 2009 11:28 am at 11:28 am |
  13. ATR

    when will the gop recognize that tax cuts aren't the solution. Tax cuts don't build bridges, roads, schools, create affordable health care for all Americans, create a plan to solve climate change. Investment in the future is critical if the US is going to be successful in the future. BTW, tax cuts also create debt by reducting revenue. Why don't the Repubs. be honest about that.

    April 11, 2009 11:28 am at 11:28 am |
  14. susie

    We had debt before, but Obama has tripled it!!!

    April 11, 2009 11:28 am at 11:28 am |
  15. No moonbat liberals

    So far nothing but Moobat libs trying the newest spin of everything revolves on an 8 year cycle. Slick Willie lets open up Fannie Maye and Freddie Mac to provide more funding to lending institutions so less qualified people can afford a home. Slick Willie NAFTA all the factory jobs went elsewhere. Oh by the way failed intellegence that allowed terriosts to train in 767 simulators so they could fly into the world trade centers and Slick Willies failed intellegence that lead Congress to support President George W. Bush in going to war in Irag. Simply facts Moonbats simply facts. So let me explain because you won't have figured it out I am saying the problems in this country now that no liberal can fix go back 16 years. Get it.

    April 11, 2009 11:28 am at 11:28 am |
  16. John Zeger

    The Republicans are super-hypocritical on the issue of increasing the national debt which soared under former Presidents Ronald Reagan and George W. Bush. It's just fine when they are doing it, but irresponsible when the Democrats do it. Give me a break!

    April 11, 2009 11:28 am at 11:28 am |
  17. Unshrub

    Where was he when the republicans ran up the deficit? Now he talk big, but for 8 yeears he didn't say a word when Bush got us into this mess. He is more concerned about running for president in 4 years than he is about solving today's problems.

    April 11, 2009 11:30 am at 11:30 am |
  18. serious stuff

    Let the professionals handle this.... you worry about your own state.

    April 11, 2009 11:31 am at 11:31 am |
  19. Boisepoet

    The Republican party; if you don't make more than 250k a year, and you don't want America to be ruled by religious men, then how the heck can you be a Republican. Those who don't fall into these two categories but still vote R are voting against their own interests.

    April 11, 2009 11:32 am at 11:32 am |
  20. Reggie Yamanaka

    Sometimes true success and courage lay in just staying the course. Things changed on us; the GOP did what was in their minds, the best thing...and I happen to still agree with it. The last 10 years was a period of stagnation; something, Bush did not create, but the American people did to themselves.

    April 11, 2009 11:32 am at 11:32 am |
  21. bs

    Will Timmy stop Bloomberg and the MTA from increasing fares !?

    April 11, 2009 11:34 am at 11:34 am |
  22. alvino

    I wonder if Pawlenty noticed a little extra in his pay check on April1, from Obama's new tax cut. What an empty suit hypocrit this GOP spokesperson is.

    April 11, 2009 11:35 am at 11:35 am |
  23. Jeremy

    Obama has already spent in under three months THREE TIMES as much as Bush spent in eight years. Inflation and debt will be Obama's legacy.

    April 11, 2009 11:39 am at 11:39 am |
  24. alvino

    The wealthiest Americans did pretty well under Clinton, even though they cried that the 39% rate would spell doom. Yet we had a period of prosperity. Now that the wealthy will have to go back to those rates, it is the end of capitalism as we know it.

    April 11, 2009 11:39 am at 11:39 am |
  25. Oma

    It does not work, Governor, have you not paid attention these last 8 years? Trickle down is not working, capital gains does not mean more employees, it just means a Mercedes for the owner.

    April 11, 2009 11:39 am at 11:39 am |
1 2 3 4 5 6 7