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Boehner on Meet the Press: Cutting Spending Now Will Spur Job Creation

Tuesday, February 15, 2011 4:10

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In an interview on NBC’s Meet the Press, John discussed House Republicans’ plan to cut spending to create a better environment for job creation; the President’s request for an increase in the debt limit while proposing a budget that will destroy jobs by spending too much, taxing too much, and borrowing too much; and ending the taxpayer control of Fannie Mae and Freddie Mac.

Following are video and excerpts:

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BOEHNER ON CUTTING SPENDING NOW TO CREATE JOBS

“It’s time to cut spending. You know, the president wants to freeze domestic discretionary spending at existing levels. This is after, this is after all of the money that’s been spent over the last two years. Locking in that level of spending is way too much. But I do think the voters last November made it clear that they want Washington to cut spending. And cutting spending will, in fact, help create a better environment for job creation in America.

“This morning, I sent a letter to President Obama signed by 150 economists that say that cutting spending now will help create a better environment so that we can begin to create jobs in our country. This is a critically important step if we’re going to end the uncertainty and start to give investors and small business people the confidence to invest in our economy. I used to be a small businessman. I understand this. When you have all this uncertainty, you don’t invest. If people begin to see us rein in out-of-control spending, it’ll bring more confidence to business people and investment–investors around the country, and then we’ll begin to see better job creation in our country.”

BOEHNER ON H.R. 1 — THE GOP PLAN TO CUT $100 BILLION THIS YEAR

“I said there’s no limit to the amount of money that our members want to cut. And I’ve also committed to my colleagues that we ought to have an open process. And while we’ve instructed our Appropriations Committee to go meet that pledge, some of our members wanted more….This week we were able to come successfully to an agreement to cut $100 billion of spending from those seven months remaining in this fiscal year….What’s really dangerous is if we continue to do nothing and allow the status quo to stay in place. When are we going to get serious about cutting spending? And our members want to take this leap forward because it has to happen, and it needs to start now.”

BOEHNER ON CUTTING SPENDING — $100 BILLION IS JUST THE FIRST STEP

“This was the first step, and, as I’ve said, there are many steps to follow. There are some Defense spending cuts in this package. There are mandatory spending cuts that you’ll see brought to the floor here in the coming weeks. You’ll see our budget where, I’ve got to believe, we’re going to deal with the entitlement problem. The president’s asked us to increase the debt limit, and yet, he’s going to present a budget tomorrow that will continue to destroy jobs by spending too much, borrowing too much, and taxing too much.”

BOEHNER ENDING TAXPAYER CONTROL OF FANNIE MAE & FREDDIE MAC, AS CALLED FOR IN THE PLEDGE TO AMERICA

“I think the government needs to get out of the housing market. When you look at the, the crisis that we have and the bailout, we’ve already spent $153 billion, and we’ll probably spend at least that much more bailing out Fannie Mae and Freddie Mac. The president and the administration laid out some options for how to go forward. We all know what the options are. It’s time to get serious about a plan to phase out Fannie and Freddie, return them to the private sector.”

Boehner on Meet the Press: Cutting Spending Now Will Spur Job Creation is a post from: Friends of John Boehner. Please consider making a contribution or signing up for email updates from the campaign!

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