WASHINGTON – House Republican Conference Chairman Jeb Hensarling (R-Texas) today issued the following statement on House passage of the second short-term Continuing Resolution (CR) designed to cut $6 billion in job-destroying government spending over three weeks. House Republicans have now passed a total of $10 billion in cuts over five weeks.
“To create a better environment for job growth and save our children from national bankruptcy, the federal government must stop spending money that it does not have.
“The latest short-term CR cuts spending by $6 billion over three weeks while the best the Senate Democrats could offer is less than $6 billion in cuts over the next six months.
“The American people fear – rightfully so – that historic debt will lead to historic tax increases, which will in turn lead to historic unemployment. More spending and more taxes are not ‘investments’ for growth – they are impediments to job creation.
“Passing a short-term measure is a step in the right direction to cut spending while keeping the government open, but it’s not enough. It’s past time for the White House and the Senate to join our efforts to give the American people the spending cuts and certainty required to create new jobs, and the leadership they deserve.”
Note: Earlier today, the Joint Economic Committee Republicans released a new report titled “Spend Less, Owe Less, Grow the Economy” that reviews four decades of economic studies showing countries that implement spending cuts to reduce their debt actually boost job creation and economic growth in the short-term. The report can be found here.