Network News

X My Profile
View More Activity
About this Blog   |   On Twitter   |   Follow us on Facebook   |   RSS Feeds RSS Feed

Cantor blames Democrats for excessive government spending in response to Obama's weekly radio address

Anita Kumar

Minority Whip Eric Cantor (Va.), the second-highest ranking Republican in the House, criticized President Obama and the Democratic-controlled Congress for "runaway spending" in his party's official response to Obama's weekly radio address.

"The challenges and situations faced by families, small-business people and young workers have no doubt made this tax day particularly painful,'' Cantor said in recorded remarks. "But as painful as it was, the truth is that the actions taken by Speaker Nancy Pelosi, Majority Leader Harry Reid and the Obama administration are going to make the tax days of the future much, much worse."

See the video of his remarks below or the full transcript after the jump:

"Hello. I'm House Republican Whip Eric Cantor and I have the great privilege of representing the hardworking people of Virginia's 7th District.

"This week, Americans from coast to coast sent their tax payments to Washington. Your government continues to spend more and more, and that means that your taxes are more and more. This has to stop - and you can help stop it.

"The challenges and situations faced by families, small business people, and young workers have no doubt made this tax day particularly painful. But as painful as it was, the truth is that the actions taken by Speaker Nancy Pelosi, Majority Leader Harry Reid and the Obama Administration are going to make the 'tax days' of the future much much worse.

"President Obama has signed 25 tax increases passed by the Democratically controlled Congress into law that will cost families and small business people more than $670 billion over the next 10 years. Many of these break the President's campaign promise not to raise taxes on families making less than $250,000 a year. In the House, Speaker Pelosi and her majority have passed legislation that would result in more than a trillion - that's with a T - dollars in net tax increases.

"But tax increases are the symptom. Runaway spending is Washington's disease.

"The Democrats control every lever of power in Washington and they've never met a tax they didn't like or found a dollar they couldn't spend. Their economic plan? You pay, they spend, your children owe. You deserve better.

"Speaking of your children, the deficits left in the wake of President Obama's agenda now stand at $1.5 trillion and will add $11 trillion to our national debt over the next 10 years. One non-partisan study reveals that to keep up with this spending, the government would have to find about half a trillion dollars each year in new revenue. That means that the tax rates on families earning slightly more than $200,000 would skyrocket to well over 70 percent.

"That's right, 70 PERCENT!

"Democrats have already made clear that more tax increases on income, capital gains and dividends are on the way. Some, including the President himself, refer to this as letting the 'Bush tax cuts' expire. But no matter how he spins it, it means you'll be paying more and more. At the end of this year, Americans will face the 'Obama tax increase,' and it will be the largest in history. As if that wasn't enough, others, including Speaker Nancy Pelosi and Obama Economic Advisor Paul Volcker support a European-style value-added tax (VAT).

"Higher taxes, reckless deficits, unsustainable debt and a bleak future for our kids and grandkids. We must not leave our children a country more in debt and worse off than we found it. It is our moral obligation to act now to put a stop to this.

"America is at a critical point of decision making. We are a nation at a crossroads. It is up to each of us to determine what kind of country we want to be.

"Down one path is the Democrats' trillion dollar health care overhaul, a stimulus law that failed to meet expectations for job creation, the taxpayer funded bailouts of private companies, and a cap-and-trade policy that will impose a massive energy tax upon all Americans. All are costly policies that seize more control over the economy and of our lives. The goal? To remake America in the image of Europe.

"But take hope. Down the other path is responsible, adult leadership, focused firmly on job creation and economic opportunity. We believe in a Congress that will once again listen to the people and return America to the country they know and love. We believe in a limited but effective government that provides a safety net for those who need it most, but sets no limits on opportunity or achievement. We believe that it's not enough just to talk about ending government waste. You have to take action so that we can begin to erase our deficits and free our children from our debt. And rather than putting the squeeze on our nation's job creators and entrepreneurs, we believe in a pro-growth strategy to create jobs and empower the American entrepreneur and small business people to thrive.

"This is our choice.

"I'm Eric Cantor, and on behalf of my Republican colleagues, please know that we hear your concerns and we'll work hard to get Washington working for you once again. Thank you."

By Anita Kumar  |  April 17, 2010; 3:30 PM ET
Categories:  Anita Kumar , Barack Obama , Eric Cantor  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Bolling forms committee to run for governor in 2013
Next: McDonnell announces his first independent audits for state agencies

Comments

Wait a minute, has Rep. Cantor forgotten that while the GOP was in control of the government, they cut taxes for the rich, started two wars and left the country on the edge of the second great depression. Oh, and they turned the surpluses of the Clinton administration in to massive deficits. Also, a careful study of US economic history tells us that, Hoover(GOP) balanced the budget and drove the US and world economies into a horrible depression. So, the GOP and Cantor should pay some attention to history or they will doom us all to repeat it. What an idiot!!

Posted by: kinsman_bob | April 17, 2010 7:47 PM | Report abuse

Uhhh, Eric....the average tax bill was LOWER this year. Dunce.

Posted by: EricS2 | April 17, 2010 11:42 PM | Report abuse

@EricS2 he was not referring to 2009

Posted by: michael43 | April 18, 2010 3:46 AM | Report abuse

Hey Cantor: DUCK! An imaginary gun shot was heard near a building somewhere in Virginia!

How did you vote since assuming office.. Umm... for all of the bills that put us in this massive deficit?

So with all due respect-STFU!

Posted by: suec716 | April 18, 2010 6:52 AM | Report abuse

The Democrates took over in 2006, four years ago. Since then we have gone from the strongest economy in the world, one where the middle class had no equal, to a nation in decline. For some reason we are not suppose to discuss the fact that the Dems have controlled all levels of government state and local included since 2006, and in turn ruined our country.

Posted by: jmecon | April 18, 2010 8:03 AM | Report abuse

The Democrates took over in 2006, four years ago. Since then we have gone from the strongest economy in the world, one where the middle class had no equal, to a nation in decline. For some reason we are not suppose to discuss the fact that the Dems have controlled all levels of government state and local included since 2006, and in turn ruined our country.

Posted by: jmecon
---------------

Whoa now, put down that crack pipe, jmecon. You're making an a@s out of yourself. But it sure is entertaining.

Posted by: B-rod | April 18, 2010 9:09 AM | Report abuse

Whom does Cantor blame for excessive government spending over the last three decades during years in which the President was Republican and/or there were Republican majorities in Congress?

Posted by: hmessinger2 | April 18, 2010 10:58 AM | Report abuse

Republicans have selective memory and like to re-write history. Like saying there were no terrorist attacks on U.S. soil while Bush was president. Or that they didn't cause the present economic debacle.

Posted by: checkered1 | April 18, 2010 12:49 PM | Report abuse

Who cares what Cantor said...he's the party of "NOOOOO"...his politics will not feed us, cloth us nor pay our bills. Cantor go home !!!!!!

Posted by: lindarc | April 18, 2010 6:54 PM | Report abuse

My cat has a better grasp on reality than Rep. Cantor.

Posted by: Saintbridge | April 18, 2010 9:44 PM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company