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Highlights from Conference Call with CO Treasurer Stapleton on Obama’s Historic Debt and Deficits

- May 15, 2012

Colorado Treasurer Walker Stapleton:  

"I think there is a great opportunity in this election cycle particularly for Governor Romney to highlight differences between himself and President Obama on the record of our economy and job growth and economic management. I think that it is important to recognize that in order to run for reelection as president it's important to have a rationale for one's reelection and President Obama , in my opinion, has a woefully inadequate record of both job growth and economic recovery in the United States. We have 23 million plus people out of work in this country and in Colorado the unemployment rate is just under 8 percent and nationally it's just over 8 percent and unfortunately our deficits are growing much larger.

"President Obama has presided over trillion dollar deficits his last three years in office. The debt was $10 trillion the day the president took office and we are now at a $14.6, approximately, trillion dollar deficit. The stock market is clearly not stable based on job news that fluctuates and the increase in price of gas. There are deep problems with our economic recovery in this country and I think that people will be looking for somebody who has a skill set from the private sector of actually creating jobs, creating economic opportunities and not increasing our corporate tax rates which are already amongst the most regressive in the entire world, not looking to repeal President Bush's tax cuts, not looking to increase capital gains tax rates, which I think would have a very negative long term effect on debt accumulation. Here in Colorado I think we are seeing a lot of the same challenges in our budget that we are seeing nationwide as well...

"I think that we have an entitlement problem at the federal level and I think that we have a massive entitlement problem here in Colorado. I think the president has not taken on at all looming entitlement problems, looming problems to Social Security. Unfortunately his Supercommittee didn't even address entitlements and I think that without entitlement reform you are never going to get sustainable budget in the future in our country and definitely not in Colorado either. So, I really think that there is an opportunity for Governor Romney to talk about his business record and his economic record in a positive way that people can believe that we can turn the corners here on these difficult economic times and record deficits..."

Click Here To Listen To The Full Audio: http://www.gop.com/audio/5.15.2012_Colorado.mp3

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