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King: "Yes We Do Have A Spending Problem, Mr. President"


Location: Washington, DC

"President Obama has said to us, American citizens, that we do not have a spending problem with our Federal Government. Here tonight he laid out a series of things that are spending problems that we have and the President is determined to grow the United States government. When he does that, all the growth that we would have in our government spending comes from borrowing.

We're right now borrowing 40 cents out of every dollar that we're spending. The President's pushing for more, it results in tax increases. We have to stop the irresponsible spending. It's the most important piece of this message that I glean from listening to the President. We don't have a spending problem? Yes, we do Mr. President."

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