On the recordJune 10, 2010
Once again the complete lack of leadership demonstrated by the administration on budget issues is extremely disappointing. When the President introduced his budget earlier this year, he projected trillion dollar deficits for years to come. To fix the problem, he passed the buck to a new debt commission. This week, when Budget Director Peter Orszag was asked about whether the administration would send a package of budget cuts to Congress, he said that it would be a 'fruitless exercise.' Certainly Congress controls the purse, but the President plays a critical role in providing leadership on spending issues. I know that House Republicans would support a substantial package of budget cuts. We are not going to wait for the President, however. We are going to keep introducing sensible measures to reduce spending, and we are going to let the American people have their say on the YouCut Web site. Our national debt has reached the level where it is holding back our economic growth. We shouldn't wait any longer to put the stops on government spending and borrowing, which is out of control.
