OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Duffy Reaction to President Obama's Speech

Statement

Date: April 13, 2011
Location: Washington, D.C
Issues: Government Budget and Spending

U.S.Congressman Sean Duffy (WI-07), a member of the Financial Services Committee and the Joint Economic Committee, issued the following statement reacting to President Obama's speech at George Washington University today on his plan to address our national deficits and debt:

"I share many of the President's stated goals because we share a common crisis: a $14 trillion debt, $53 trillion in unfunded liabilities and a $1.6 trillion deficit this year alone. Where we diverge is that the President believes we have a revenue problem; I believe we have a spending problem.

"We cannot tax and spend our way to a growing economy, sustainable jobs or a prosperous future. Government can't create wealth, it only spends it. Wealth is created when the private sector is encouraged and empowered to invest; simply doubling down on the failed status quo and promising tax hikes on job creators is not the answer, unfortunately that's all we heard from the President today."


Source
arrow_upward