House Speaker John Boehner (R-OH) released the following statement after the nonpartisan Congressional Budget Office (CBO) released an analysis confirming that President Obama’s irresponsible budget proposal will stifle long-term economic growth and job creation:

“It’s official: President Obama’s idea of a ‘balanced approach’ leads to an unstable economy. This CBO report confirms the president’s policies will hurt long-term job creation and economic growth, and proves we have to do everything possible to stop Washington from spending money it doesn’t have, get control of our debt, and get government out of the way. The president’s ‘stimulus’-style policies have already added more than $5 trillion to the national debt in just three years — no economy, not even the greatest one on Earth, can grow, prosper and create new jobs with such debt. House Republicans’ Path to Prosperity plan puts us on a path to a balanced budget, and protects our children and grandchildren from a future of fewer jobs, higher taxes, and more debt. The American people deserve better than President Obama’s ‘stimulus’ spending binge and Republicans will continue seeking opportunities for common ground based on the pro-growth Path to Prosperity budget.”

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