Congressman Peter Roskam (R-IL), Chief Deputy Whip, issued the following statement after President Obama's speech on America's debt crisis.
"I'm glad President Obama has finally joined the conversation about reducing our skyrocketing and unsustainable debt, even if it took leadership by congressional Republicans to spur it. Regrettably, his speech was largely more of the same from his widely-panned budget, failing to address the real driver of our debt while embracing trillions in new job-crushing tax increases. Washington has a spending problem, not a revenue problem, and our Path to Prosperity proves it -- we pay off our debt by lowering tax rates and returning government to historical spending levels.
"Americans are experiencing a painful reminder this week of just how much they pay in taxes and just how complex and outdated our tax system is. We need fundamental tax reform that encourages job-growth and increases revenue by broadening the tax base -- not the same tired plan of more taxes for job creators while ignoring the fiscal elephant in the room. House Republicans look forward to passing our Path to Prosperity that reforms the tax system, saves Medicare and allows future generations to inherit a debt-free future."