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Public Statements

Mr. Obama "Doubles Down" on the Fiscal Cliff

Statement

By:
Date:
Location: Washington, DC

Rep. Pete Olson (TX-22) today made the following comments after President Obama made his budget proposal. The proposal includes $1.6 trillion in new taxes, $50 billion in more stimulus spending, unfettered power to raise the debt limit and no action on saving Medicare, Social Security or Medicaid.

"The President's proposal just legislates our nation off the fiscal cliff. I don't know why he doesn't understand that raising income and investment taxes on Americans is the best way to ensure a recession. The last thing taxpayers can afford is more wasteful "stimulus" spending, but it is evident that is where he wants to go. House Republicans will not follow. The more President Obama refuses to negotiate a real solution, the clearer it becomes that he views this as a political opportunity. If your goal is not to restore America's future, but instead to destroy the opposition party, it's obvious that power -- not the people -- is your priority. House Republicans will continue to ensure that the power remains with the people."


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