“…Republicans, who now dominate the House, are obsessed with making indiscriminate short-term cuts... The Republican cuts would eviscerate vital government functions while not having any lasting impact on the deficit.... Mr. Obama has managed to cut spending while preserving important government duties. That approach is in stark contrast to Congressional Republicans, who are determined to cut spending deeply, no matter the consequences.”
[NY Times, 02/15/11]
This week, the House is considering the Republican Spending Bill, a short-sighted and irresponsible proposal that arbitrarily cuts critical investments that grow the economy and create. Democrats agree with Republicans that spending cuts are necessary, but their plan does not make the tough and careful choices needed to cut spending while investing in our future. The Republican Spending Bill stands in strong contrast to President Obama’s budget because it does not make those choices:
|President Obama’s budget makes critical investments that allow our nation to:||The Republican Spending Bill harms economic growth and job creation by making irresponsible spending cuts:|
|OUT-EDUCATE our competitors and build a competitive workforce.||
|OUT-INNOVATE our competitors and keep our nation the world leader in cutting-edge fields.||
|OUT-BUILD our competitors and strengthen infrastructure that is critical for companies to grow.||
|And keeps American families safe with investments in PUBLIC SAFETY.
Not only does the Republican Spending Bill threaten economic growth and job creation, but it’s made worse by their other policies that pave the way for adding nearly $5 trillion to the deficit. The President's budget takes steps to get to a more sustainable fiscal position in the medium term, and makes clear his desire to work in a bipartisan way to solve our long-term fiscal challenges. Democrats are focused on addressing the real sources of our deficit and finding common ground so that we can restore fiscal responsibility.