Republican Leadership Press Conference
July 19, 2011
Speaker John Boehner (R-OH)
Majority Leader Eric Cantor (R-VA)
Majority Whip Kevin McCarthy (R-CA)
Conference Chairman Jeb Hensarling (R-TX)
Conference Vice Chair Cathy McMorris Rodgers (R-WA)
Republican Study Committee Chairman Jim Jordan (R-OH)
Congressman Jason Chaffetz (R-UT)
Congresswoman Renee Ellmers (R-NC)
“The American people have long since said, ‘Washington, quit spending money we don’t have.’ The American people have long since said, ‘Washington, quit borrowing 42 cents on the dollar, much of it from the Chinese, and sending the bill to our children and grandchildren.’ House Republicans have heeded the call not only with our budget, but now today with Cut, Cap and Balance.
“Cut our spending to ’08 levels. I haven’t really met anybody who thought government was too small before President Obama became president.
“Cap: It means let’s not let the size of government double in our children’s lifetime, which is the course the president has set it upon. Let’s put it on a glide path to be no more than 20 percent of our economy as it has been on average in the post-war era.
“Balance: Every family in my district has balance their budget around the kitchen table. Every small business in East Texas has to balance their budget. Do we really think a great nation can go on in perpetuity without balancing its budget? No. And yet before the ink was even dry on the bill, the president issued his veto threat.
“The only credible plan that will save America from bankruptcy and avoid default is Cut, Cap and Balance.”
“Mr. President, where is your plan? We haven’t heard a plan. We heard a speech. We heard a proposal to put job-killing tax increases on middle-income families and small businesses. Mr. President, we haven’t heard your plan. If you’re going to veto our plan, if you’re not going to support our plan, Mr. President, we need to see your plan.”