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| In the Weekly Republican Address, Sen. Orrin Hatch of Utah discusses "the agenda of trillion dollar deficits and an out of control debt" President Obama has chosen. He says, "The President's proposal for a freeze in government spending might give the White House a nice talking point. But it is a totally inadequate solution to our nation's spending problems...if the President's new budget simply freezes his last budget, he'll stifle job growth by continuing to spend too much, tax too much, and borrow too much." "It is beyond irresponsible to saddle the next generation of American citizens with the responsibility for paying back our debt," Sen. Hatch warns. "By itself, the President's takeover of the nation's health care system will cost $2.6 trillion. And if this new entitlement is like every entitlement before it, the price tag is just going to grow. Our total debt is over $14 trillion. At over 90 percent of the size of our economy, this is the highest level since 1950." Sen. Hatch concludes, "Next week, a great debate will begin. The President will send his budget to Congress. And once more Americans will face a time for choosing. Do we accept a future where our children and grandchildren are left holding trillions in IOUs? Or do we get our fiscal house in order, cut spending, and reduce tax burdens on all Americans?" |
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