On the recordFebruary 12, 2013
as President Obama gets ready to deliver his State of the Union Address tonight, I would like to remind the American people of what he said 4 years ago during his first speech to a joint session of Congress. Four years ago President Obama said he did not believe in big government. Since then he has given us four consecutive trillion-dollar deficits, he has nationalized our health care sector, and he has used Federal agencies to impose Draconian regulations. If we add the cost of all these proposed or final regulations the Obama administration published last year, the total economic burden comes to more than $236 billion. That is a wet blanket on the American economy and economic growth and job creation. If anyone out there still thinks President Obama opposes big government, as the song goes, ``I've got some oceanfront property in Arizona'' I'd like to sell you. Four year ago the President told us he was concerned about our massive national debt. Since then our gross national debt has increased by nearly $6 trillion and has grown larger than the entire U.S. economy. Four year ago the President said we could not ignore our long-term challenges. Since then he has ignored the recommendations of his own bipartisan fiscal commission known as Simpson-Bowles, and his own Treasury Secretary has acknowledged that the Obama administration does not have a serious plan for long-term debt reduction.…
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