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. Mike

    I'm so sick of the news outlets refusing to do their jobs. How about instead of just reposting the inaccurate talking points of a partisan hack like Jeb here... how about some context about whether what he's saying is actually true?
    It's not hard to fact check this stuff CNN. Do the same thing for democratic talking points too. Y'all wonder why voters are so uninformed, it's because news outlets have gotten so lazy they'll repost anything and consider it 'job done'.

    February 6, 2010 11:59 am at 11:59 am |
  2. Stop the Nonsense

    At Least this proposal considers the cost of our war. Bush never included it in his budgets. And this budget also takes into consideration the fluctuation in future income. no budget in modern time has done that.
    So, Senator critize all you want. At least this proposal, with its wish list, is based on real math

    February 6, 2010 11:59 am at 11:59 am |
  3. katiec

    The GOP has worked against and obstructed anything and everything. They have lost all concept of what they were elected to do and in the process destroyed any honor and integrity they ever had.
    With their goals to destroy our president, protect big business and win at any cost they are destroying, sacrifing us and our country.
    The republicans are well on their way to becoming our most dangerous domestic terrorists.

    February 6, 2010 12:02 pm at 12:02 pm |
  4. SF Progressive

    Where was the GOP when their president created the worst deficits in history with his war based on lies? The party of NO is also the party of no memory. All they can do is complain, deny and obstruct.

    February 6, 2010 12:02 pm at 12:02 pm |
  5. GI Joe

    He is admittedly number two. He said so. I agree. HA.

    How can you accuse the christians of opposing something to help businesses and little people? The republicans would NEVER lie, they would never criticize something helpful to the people. Say it ain't so. (yuck – I'm gonna throw up now).

    February 6, 2010 12:06 pm at 12:06 pm |
  6. alabama23

    The GOP has nothing more to do but complain, but never have a solution to a darn thing. Good grief people the GOP is acting like a bunch of children. always wanting to play the victim

    February 6, 2010 12:07 pm at 12:07 pm |
  7. Ken, Arizona

    A republican criticizing President Obama? What a surprise!

    February 6, 2010 12:08 pm at 12:08 pm |
  8. GI Joe

    Notice how everything he proposed helped "OUR" ..............

    That's right, it's all for the wealthy old republicans and their worshipers. Not for US

    February 6, 2010 12:09 pm at 12:09 pm |
  9. Zac, ATL

    Health care reform, aint happening. Cap and trade, won't make it out of the senate, continued bailouts = free money to small business.

    Those small business owners who are telling this guy they won't take the risk to start or expand their business are just helping out someone else who will.

    Also, are republicans really serious about shrinking government this time? Their record doesn't speak well for them.

    February 6, 2010 12:09 pm at 12:09 pm |
  10. Mickey

    These domestic terrorists will stop at nothing to bring this country to it's knees even further than G.W. Bush did...what a waste of human flesh.

    February 6, 2010 12:11 pm at 12:11 pm |

    And just where nin the hell were you when the idiot bush was spending america down the drain. stupid republican.

    February 6, 2010 12:13 pm at 12:13 pm |
  12. DonBeal

    It's too bad that the Republicans hadn't wanted to practice fiscal discipline when George Bush took office in 2001 and during his presidency. Things were looking pretty good as Bill Clinton left office and then the Republicans took over. They raided the federal budget like a drunken gambler going through his inheritance. If they had practiced fiscal responsibility, we might not be in the fix we are today. Of course, if they had practiced fiscal responsibility, George Bush might not have been reelected in 2004. Liberals are accused of taxing and spending. Conservatives, when in office, can be accused of spending and putting it on the tab.

    February 6, 2010 12:13 pm at 12:13 pm |
  13. babs reinard

    I am bewildered – where were all these people when George got us in so much debt – not a word. I think most of them are so angry a black man is in office-but they would never be truthful about the reason.

    February 6, 2010 12:20 pm at 12:20 pm |
  14. B

    Where where these people during the last eight years of spending this country into debt with the – ONE TRILLION 300 Billion- which we find ourselves trying to Dig out of now !

    The two wars that bush started were not even in his budget....

    They are trying to rewrite history now which isn’t to difficult as Most Americans have an attention span of about three days.

    February 6, 2010 12:23 pm at 12:23 pm |
  15. jim

    as far as I can tell, the only real concern the republicans have is ... trying to badmouth our president.

    nothing else. no work towards a better country, no plausible ideas on any front ... just complaints about the opposing party.

    if my congressman/representative does that sort of thing i will vote them out of office every single time, I don't care what party they belong to, that is not acceptable behaviour.

    February 6, 2010 12:23 pm at 12:23 pm |
  16. Marry

    The GOP is really funny! All the concerns about the budget! Especially since Rep. Hensarling did get an answer that was quite eloquent from the President at that meeting. But, they just do not want to understand. Rather, repeat and repeat the sad fact that it will cost…Cost to bring back America after what it has been through in the Republican CONSERVATIVE time. The time when the GOP run such a "tight and surplus" budget.

    February 6, 2010 12:25 pm at 12:25 pm |
  17. Matt

    Coming from all the guys who approved all of Bush's budgets and who don't mind loading up millions of dollars in pork for their own states, these statements are laughable. The Republicans need to grow up and accept responsibility for driving this country into the greatest economic crisis since the Great Depression. Considering that their policies got us here, all of these Republican politicians need to sit down and shut up.

    February 6, 2010 12:26 pm at 12:26 pm |
  18. j

    Of course the Grand Obstructionist Party is going to find fault with every little detail of what the Democrats propose, even if they would otherwise agree with it under a Republican administration. All the Conservatives want to do is obstruct and prevent anything from moving forward.

    Can the economy and the people afford this kind of obstructionism? I don't think so. Vote Progressive 2010!

    February 6, 2010 12:28 pm at 12:28 pm |
  19. Michael

    Well if it ain't 'May i call you Jim Hensarling"

    February 6, 2010 12:28 pm at 12:28 pm |
  20. David

    The republicans made the bed that we are all forced to sleep in, it is the fundamentaly flawed policies that they are responsible for that continue to increase the debt. Regarding the stimulous, they are talking out of their ass and still playing political games, hell McCain talked about the need for a stimulous during his campaign and most republican economists agreed to the need of such. Much of the stimulous went to extending unemployment benefits, what did you want these people to starve? Regarding taxes, reverting from the Bush tax policies that favoured the elite and not the common person is just common sense and the public made their opinion on this quite clear when Obama was elected.

    February 6, 2010 12:32 pm at 12:32 pm |
  21. jules sand-perkins

    Considering recent election results, our nation may be spared the ultimate devastation that would result were President Obama's Robin Hood economic policies and socialistic agenda to continue for eight years.
    However, citizens who are rational about work and money need to remain as active as they were just before the election of Senator Scott Brown.

    February 6, 2010 12:35 pm at 12:35 pm |
  22. bb

    Blah Blah Blah, the Repukes can throw numbers around and make numbers up all they want, spin, twist, lie...it's the only thing they're good at, the proof is what we have endured through this recession that started in 2007.

    Start passing bills using Executive Power and 50 + 1.
    Let them cry all they want, we start using our power and we'll have everything on our Agenda done by August. Just roll right over 'em!!!!!

    February 6, 2010 12:35 pm at 12:35 pm |
  23. richard

    to the congressman jeb of texas; i've tried to get the prez to put this nation on a diet. and to trim nasa's budget some more since gov. perry declined the stimlus money. all you red states that have lived high on the hog while bush 1 and 2 ran the show is doing OK. if the president would reroute that money for nasa and put it into the HIGH SPEED RAIL PROJECT for around the country.... would be fine w/ me.. also i would recruit the people in japan or france or britan to consult on how to build and complete this job. union workers in the US would have to set this one out , because they would turn the rail project into the boston tunnel dig times 3 as far as cost... this country is its own worst enemy.

    February 6, 2010 12:37 pm at 12:37 pm |
  24. Larry Blom

    If Obama issued a proclimation that the Earth is round I'm sure Mr. Hensarling and the rest of his lockstep republican cronies would vigorously oppose it. Where do these people get their "facts"??

    February 6, 2010 12:37 pm at 12:37 pm |
  25. Bill B. Nancy,KY

    Why wasn't this idealogue saying this while the Republicans were destroying our economy? He helped the hogs to the trough, and now he and his cohorts have found fiscal responsibility. This is laughable!

    February 6, 2010 12:39 pm at 12:39 pm |
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