Friday, November 4, 2011

The House Republican Plan for America's Job Creators - GOP.gov

More Than 150 Economists Call for Spending Cuts That Exceed Debt Limit Hike

June 1, 2011

WASHINGTON, DC - House Speaker John Boehner (R-OH) today released a statement signed by more than 150 economists backing his call for spending cuts that exceed any increase in the debt limit. The statement is signed by some of our country’s best economic minds, including a Nobel Prize winner (Robert Mundell); economists from schools such as Stanford (Michael Boskin, John F. Cogan, Eric A. Hanushek, David R. Henderson, James C. Miller III, John B. Taylor) and Carnegie-Mellon (Robert Dammon, Marvin Goodfriend, Allan Meltzer); a former U.S. Secretary of State (George P. Shultz); and two former directors of the Congressional Budget Office (Douglas Holtz-Eakin, June O’Neill). Boehner made the following comment:

Here is a link to a PDF listing the signatories and below is the text of the economists' statement:

A DEBT LIMIT INCREASE WITHOUT SIGNIFICANT SPENDING CUTS & BUDGET REFORMS WILL DESTROY AMERICAN JOBS

An increase in the national debt limit that is not accompanied by significant spending cuts and budget reforms to address our government's spending addiction will harm private-sector job creation in America. It is critical that any debt limit legislation enacted by Congress include spending cuts and reforms that are greater than the accompanying increase in debt authority being granted to the president. We will not succeed in balancing the federal budget and overcoming the challenges of our debt until we succeed in committing ourselves to government policies that allow our economy to grow. An increase in the national debt limit that is not accompanied by significant spending cuts and budget reforms would harm private-sector job growth and represent a tremendous setback in the effort to deal with our national debt.

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Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions...............Didn't think you were hiring a stock broker when you voted him in did you? Obama thinks your money is his to piss away on big likely to fail companies (more like funnels for cronies to sift dollars through the untraceable system of alternative energy company fronts) Where did the trillions go? He's still in office....THAT'S where the staggering amount of tax payer's dollars went: payoffs, bribes, organized mob scenes, extravagant daily life on top of wildly frequent vacations, just to mention a few.

Oh, and he pitches a baseball like a prissy, frail girl...