February 6th, 2010
10:16 AM ET
12 years ago

GOP takes aim at Obama's budget

(CNN) - In the weekly Republican radio and Web address, Rep. Jeb Hensarling of Texas takes President Obama to task over the size of his new budget proposal.

“The numbers in his budget are simply breathtaking: a record $3.8 trillion in spending, more than $2 trillion in new job crushing taxes, not to mention a tripling of the national debt – on top of the largest deficit in our nation’s history. Interest payments alone on this debt will set us back roughly $6 trillion over the next decade – that’s about $50,000 per household," Hensarling says in the address.

Full transcript after the jump

“Hi, I’m Congressman Jeb Hensarling of Texas; I serve as the number two Republican on the House Budget Committee. Some of you may have seen me on television last week when I had the opportunity to ask the President if his new budget would once again triple the national debt and dramatically increase the cost of government to 25% of the economy – up from its traditional 20%.

“You may recall that the President declined to answer the question last week. But he has certainly answered it this week by submitting a new budget that does just what I feared.

“The numbers in his budget are simply breathtaking: a record $3.8 trillion in spending, more than $2 trillion in new job crushing taxes, not to mention a tripling of the national debt – on top of the largest deficit in our nation’s history. Interest payments alone on this debt will set us back roughly $6 trillion over the next decade – that’s about $50,000 per household.

“Now, you’re probably like me and believe, in America, you ought to work hard today, so your children can have a better, more prosperous tomorrow. But with this budget, it is like Washington has said, ‘let’s let government live easier today, so our children have to work harder tomorrow.’

“You know, it was about this time last year, President Obama and Democrats in Congress promised that if we passed their trillion-dollar ‘stimulus’ bill – and grew big government even more – that jobs would be created ‘immediately.’ [and] they said unemployment would remain below eight percent.

“Well, Republicans stood on principle and offered a better alternative that, according to an analysis developed by the President’s own economic advisors, would have created twice the jobs at half the cost. But, Democrats chose to go it alone and jam through their ‘stimulus.’ What did the American people get? A bill for $1.2 trillion and 3 million more jobs lost.

“Americans are still asking, ‘where are the jobs? Where ARE the jobs?’ But all they are getting from Washington is more spending, more taxes, more debt and more bailouts.

“Now, when it comes to budget matters, I usually find myself agreeing with about 80% of what the President says, but I DISAGREE with 80% of what he does.

“While the President’s budget rhetoric gives a nod to reducing the deficit, he punts the problem to a ‘commission’ that does not yet exist, and whose recommendations may never see the light of day. We have to do better.

“Additionally, President Obama’s proposed spending freeze unfortunately is not really a freeze at all. It exempts 86% of the federal budget from the freezer, does not turn on the freezer until next year and then turns it off shortly thereafter. In fact, when you run the numbers, the President’s idea of fiscal responsibility unfortunately amounts to choosing to grow government by 49.01 percent over 10 years instead of 49.27 percent. We have got to do better.

“Serious fiscal responsibility requires more than just tinkering around the margins. Republicans have proposed adopting strict budget caps that limit federal spending on an annual basis and are enforceable by the President. These caps were a critical plank in the fiscally-responsible budget alternative Republicans proposed last year and yet they are notably absent from the President’s budget.

“The federal budget must never be allowed to grow faster than the family’s budget ability to pay for it. You can learn more about our better Republican budget solutions on the web at solutions.gop.gov.

“So, you pile up all this Democratic spending, all their borrowing and all their debt, you add it to their government takeover of health care, their ‘cap-and-trade’ national energy tax and their continued bailouts – is it little wonder that job growth is lagging in our economy? Small business owners and investors tell me every week, We’re not taking the risk to start or expand our business in this climate.

“We cannot continue on this reckless path, and the American people know it. But now it’s up to Democrats in Washington to listen and change course. We’re willing to work with them, but we will continue to stand on principle, we will oppose more reckless Washington spending, and we will fight for better solutions that make government live within its means. Our budget plan will help create jobs, prevent a fiscal calamity and give our children a brighter economic future.

“Thank you for listening.”

Filed under: GOP • President Obama
soundoff (129 Responses)
  1. W Spivey

    It's like the GOP giving the banks Carte Blanche.

    February 6, 2010 10:20 am at 10:20 am |
  2. jane

    The GOP has no budget concerns except to place a barrier in front of the President at every turn, regardless of what his budget is.

    After the previous administration's gutting our treasury and taking us to the brink of depression, it is amazing to me that Republicans have the audacity even to bring up the subject.

    February 6, 2010 10:24 am at 10:24 am |
  3. Scott, Tucson

    And to think we thought George Bush was a big spender, he can't touch obama and we can't afford three more years of his spending.

    February 6, 2010 10:25 am at 10:25 am |
  4. phoenix86

    No one in the history of the United States has spend so much so fast as Obama. He will be remembered as the American Nero.

    February 6, 2010 10:26 am at 10:26 am |
  5. K (DC)

    As usual, the repugs gloom and doom however, they never have a solution, just the same smoke and mirror, tax cut for the wealthy and all others fend for your self.

    February 6, 2010 10:28 am at 10:28 am |
  6. WhoisRight

    Hey, the man's right on. More should listen to him.

    February 6, 2010 10:29 am at 10:29 am |
  7. John, Brooklyn, NY

    Politics as usual. A proposal to freeze all discretionary spending for the next 4 years – which is what the Obama budget recommends – feels like it would have been designed by the Reagan administration. And yet, the Republicans are pouncing to declare it inadequate.

    One of two things are going on: 1) The Republicans simply are using the strategy of block, obfuscate, delay, and lie about anything associated with this administration or 2) the ideological right wing extremists have now so thoroughly overtaken the Republican Party that it can no longer remember that THEY would have recommended this very budget not so long ago. Perhaps it is both.

    February 6, 2010 10:31 am at 10:31 am |
  8. JIM El Paso TX

    Can you just imagine....Republicans having NOTHING GOOD to say about the budget! Of course the NO party has nothing to offewr on ANYTHING. Losers:)

    February 6, 2010 10:31 am at 10:31 am |
  9. ib

    People no matter if they are democrats or republicans had better take aim at this budget; we cannot continue this out of controll spending and expect our country to survive. I could care less if the president is a democrat or republican this spending has got to stop and stop now.

    February 6, 2010 10:32 am at 10:32 am |
  10. T'SAH from Virginia

    Okay – SOLVE the countries problems with NO MONEY!!! GOPers must really believe that President Obama is JESUS – more than the voters who put him in office believe!!!

    I voted for President Obama because I truly believe that he WILL get us out of this deficit – not because he was JESUS!!!

    “We cannot continue on this reckless path,,, it’s up to Democrats in Washington to listen and change course... will fight for better solutions that make government live within its means..."

    What do YOU suggest??? You are FLIPPING and SPINNING when you say Democrats need to listen – how can they LISTEN when you suggest NOTHING!!! How do YOU propose fighting for better solutions and NOT spend any money in doing so????

    You GOPers really get on my nerves – just like the health care plan – you have one that requires NO MONEY to be spent – Bull-CRAP!!!

    February 6, 2010 10:34 am at 10:34 am |
  11. Tony in Maine

    Hey Dummy – It was your party under the Cheney/Bush administration that drove the economy into ruins with your solution to everything – tax cuts – and your testosterone overloaded cowboy foreign policy.

    Can we please give Texas back to Mexico and rid ourselves of the tiny-brained ideologues.

    February 6, 2010 10:36 am at 10:36 am |
  12. Death Assurance Companies

    This clown has become the biggest company owned liar here in Texas.

    February 6, 2010 10:42 am at 10:42 am |
  13. Larry Liesner

    How many spending bills have you voted for? Talk is cheap, it takes money to buy whiskey.

    February 6, 2010 10:43 am at 10:43 am |
  14. Mark L

    Congressman Hensarling, You have my attention...what specifically do you want to cut from proposed budget?

    February 6, 2010 10:44 am at 10:44 am |
  15. Lioness

    Send the budget back with notes. This is ridiculous! A moratorium on spending needs to be applied to this budget. We can't buy our way out of debt. Start by freezing Congress' pay, Nancy Pelosi's jetting parties, and WH and Congress' pushing their agenda on American tax payers who don't want it. Who works for whom anyway!

    February 6, 2010 10:44 am at 10:44 am |
  16. ICARE

    According to Nobel Prize economists, it was the ELEPHANTS' policies of the last 8 years, that killed AMerica. Their policies did nothing for us and left us 5 trillion dollars worth of debt.

    By the time, Obie took over, he had to deal with an economy, that was pushed over a cliff.

    At this point in time, we need Nobel prize economists to draft economic policies for Obama. We DONT NEED MORE OF THE SAME FROM THE ELEPHANTS...

    February 6, 2010 10:46 am at 10:46 am |
  17. releggneh

    I love this idiotic thinking. One day I will talk about raising the budget ceiling to 3.8 tril but then next day I want help lowering the deficit from the party that didn't spend us into bolivian! Who ever voted for this community organizer should have their heads examined!! What I think is really funny is the ones that voted for him (the majority) young adults & black people & dems. Now they get to pay for it long after I am gone so you will no longer get my money!!My son was happy because he thought he would get free health care, then he found out how much it would cost him. Then he only had to claim anything over 2400.00 on his unemployment, He said see Obama is doing something good> I had to explain to him that it was his money that did that!!! No response on his end!!

    February 6, 2010 10:49 am at 10:49 am |
  18. The Lonely Libertarian of Liverpool NY

    We have heard these same empty promises from the GOP before. They say they are for Smaller Government, lower spending and individual Liberty. But their action say otherwise.
    When will you folks open your eyes and recognize that there is no difference in the two major parties. These two parties the Democrats and the Republicans have a monopoly on our government. I sure both sides will love bashing each other over this, but the truth is there is no difference if you vote Democrat or Republican Liberal or Conservative. We will get the same we have always received from big brother, the people who can attract the billions required to be elected are not getting that money from the people. Both of these parties are bought and paid for by the Special interest groups, PACs, Unions, Wall Street, banking, global Corporations are all contributing billions to re-election funds that undermine the people's representation
    I say in 2010 ask who is funding your representative? Look to see where the money is coming from? If the money comes from outside your district then who do you think they will represent if they are elected or re-elected? We need to bring these professional politicians back into line.
    Think if they are in office then vote them out no matter what party they belong to this fall, and in every election after that until they return to being servants of the people once more.
    Please, Please take a look at the Libertarian platform again. If you truly want truth, justice and the American way, you will need to join us as we make these very unpopular choices to save our Republic from extiction.

    February 6, 2010 10:49 am at 10:49 am |
  19. ICARE

    Huh, it was your policy that made this recovery slow. Obama was dumb enough to give 50% tax cuts away. He could have use that money to fuel green energy and we would have taken off by now....

    America, the country that got rid of Deming. Deming went over to Japan and made Japan #1 in quality.

    America, the country that did not vote for Gore and voted for W, now we are in the ditch.


    February 6, 2010 10:51 am at 10:51 am |
  20. JLM

    He is just another GOPer with no solutions, and can only comment after the President makes a speech. That's because the GOP has no plans, and no clue.

    February 6, 2010 10:53 am at 10:53 am |
  21. Donkey Party

    What a lying piece of Republican garbage. I hope the GOP and any mental midget that supports them enjoys their time burning in Hell for eternity for their crimes against Americans. With their denial of health care reform, they are responsible for the deaths of nearly 50,000 American deaths each year, a stat that they and Al-Queda are both proud of.

    February 6, 2010 10:54 am at 10:54 am |
  22. chris l

    Mr. One and Done Obozo the Liberal Clown is a joke. Thank god that him and the rest of the American Al Queda will be thrown back into the cesspool they crawled out of soon enough. Maybe they should move to Pakistan and join the jihad. They would be fighting a common enemy, America.

    February 6, 2010 10:55 am at 10:55 am |
  23. Denna

    Instead of taking aim at his budget, why don't YOU come up with a realistic budget that actually contains the price of two wars. The reason why President Obama's budget is so high is that he is actually including the cost of the wars. Why didn't you people feel this way when the nation started to slide under Bush? If you had a budget plan that would create jobs, why didn't you present it to Bush when these job losses started???? Now, all of a sudden, you're so smart. You make me sick.

    February 6, 2010 10:59 am at 10:59 am |
  24. Sam

    It sure would help if the GOP were to get objective facts rather than deal with political bias noise. Yes, the deficit is up, but why? Because (a) inherited problems and deficits, and (b) real needs for action to save the country. George W. Bush added over six trillion to the deficit but that seems to be O.K. Hmmm. The country's financial system melted down in September 2008 before the election, but that was O.K. Hmmm. The GOP continues to refer to the 8% unemployment limit, which was stated by Obama, but wasn't that a few days after taking office, and based on info given by Bush's administration? Hmmm. And the platitudes – specifically what actions would he propose? Hmmm.

    February 6, 2010 11:00 am at 11:00 am |
  25. special kay

    I am sick and tired of all the back/forth of the constant bickering between both parties. I watched C-Span last night in regards to the the President's FY 2010 budget. I found the meeting pretty much a blame game of who had the the most spending on their watch. Chart after chart illustrated that it's true under the leadership of former President Clinton there was a budget surplus in which former President Bush squandered with (2) wars not pd for, tax credits in 2001/2003 for the wealthy americans, Medicare part D?? (also not pd for). These are undisputed facts. Now the Repubs say they have the magical answers; please cry me a river. I seen what Repub policies have done to affect my bottom line and it totally sucks.

    Here is the Repub's plan to counter the presidents:

    1. Extend the current Bush tax cuts
    2. Offer Medicare vouchers for individuals approaching 55 to pay for their health care. (Basically, eliminate Medicare)
    3. Eliminate the capital gains tax, estate tax, payroll tax
    4. Less regulation on Wall Street
    5. Privatize Social Security, etc, etc
    6. Shift tax burden from employer based health care to individual

    If this is the counter proposal–NO THANKS

    It's time for America to emerge as the Super Power that She has always been but we will never achieve success if we as American's can't come together to solve these problems. I honestly, don't care about the fight over big vs small government. I just want a 21st century government that is willing to work for the PEOPLE who elected them to do so. If not, let's vote them all out.

    It's time to wake up and come to terms that the World is ever changing and we need to change with it. Partisan arguments from the last decades really don't advance the progress needed for the severity of problems we are facing today. Yes, we can learn from the past triumphs/mistakes but we need FRESH, BOLD, and PRAGMATIC ideas in order to do so.

    February 6, 2010 11:01 am at 11:01 am |
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