State Of The Obama Plan: Big Regulations That Bypass Congress

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Good evening. I’m Republican National Committee Chairman Reince Priebus.

Tonight we heard another speech from the president, and it was nice to hear him actually talk about the economy for a change. It’s been a while. But America needs more than talk; we also need action from the president.

Our federal government has a spending problem that affects our economy and every one of us–and while the president may talk a good game, he has done nothing but make it worse for the last four years.

As a father of two, I’m worried about what our 16 trillion dollar national debt means for my children. Like any parent, my goal for them is to grow up and have it better than I did.

But every day Washington, DC, borrows billions of dollars and puts our children’s future up as collateral. If we don’t stop spending too much, the next generation will have to pay off our debts.

Reckless spending hurts the economy. It weakens it and creates uncertainty. That means businesses aren’t able to put people back to work or pay higher wages.

President Obama says he wants a “balanced approach” to reduce our deficit. That’s code for higher taxes. But he already got his tax increases–and not just on rich people. If you’ve looked at your paycheck lately, you probably noticed it shrank. Why? Payroll taxes went up this year.

On top of that, we still haven’t felt the full effect of the massive tax increase that is Obamacare.

Republicans want more money in your pocket–not in government’s pocket. The right course is less spending, tax reform, and entitlement reform. We have to get our fiscal house in order so we can strengthen Medicare and save Social Security.

So, Mr. President, you’re out of excuses–and we’re running out of time. Let’s cut government spending and get more money in people’s pockets. We don’t need more words. We need action. We need reform.

Thank you and God bless.

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