Washington, Mar 26 - U.S. Congressman Mike Pence gave the following speech today on the floor of the U.S. House of Representatives discussing the Republican Road to Recovery:
“After years of runaway spending at the federal level, the American people want this Congress to put our fiscal house in order. Instead, President Barack Obama has brought forward the most fiscally irresponsible budget in American history. It spends too much, borrows too much, and taxes too much, and the American people know it.
“The American people don't want more spending, more government, and more bailouts. They don't want to see this President's budget result in, as CBO projected, nearly $1 trillion in annual deficits for the next 10 years. The President's budget would actually double the national debt in just six years.
“Even worse, the President's budget pays for all this spending with higher taxes on virtually every American, small business, and a light switch tax that would raise utility rates for every American household by more than $3,000.
“Today, Republicans will continue to offer better solutions, unveiling today a blueprint for recovery that's built on fiscal discipline, growth and reform. Let the debate begin.”