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ICYMI: Highlights from Call with Fmr. U.S. Rep. Davis and VA Del. Comstock

- May 15, 2012

Virginia Delegate Barbara Comstock:

"Four years ago, Barack Obama said I don't want to wake up four years from now to find our children's future mortgaged by another mountain of debt. That here we are after the Greek columns from 2008 have faded, and we are facing Greek-like debt. And the financial crisis we have and the spending that threatens us, the debt and the deficit and the decline that it is causing in the growth of our economy is a real threat and we've got to address that. And you have this administration for three years has just neglected to deal with it all together. From Secretary Geithner admitting they have no plan to deal with the debt. He has run up to Capitol Hill to say we don't have a solution but what we do know is that we don't like yours. But here we are $5 trillion in debt, a 50% increase from the time Barack Obama said he was going to get rid of this debt and he increased it by 50%. We have $16,000 in individual debt up to $50,000 and now household debt has gone from $43,000 to $135,000 under his watch. In 2016, you're going to have Social Security Disability Trust Fund go bankrupt...the federal debt is at $25.9 trillion that is just going to crowd out any type of private investment. And then, of course, they have done absolutely nothing to preserve Social Security or Medicare. So when debt is 101% of GDP, the largest since 1945, and you have absolutely no plan, and somebody admitting no plan and distracting and finding every other issue that you can talk about other than the economy other than this debt and deficit.

"We need serious leadership. In the speech that Governor Romney is giving today out in Iowa really sets out the way a serious leader who has great experience in the private sector of having run things and understands the economy and can turn things around and has a record in the private sector in philanthropy and as governor of turning things around.

"I look forward to this discussion that we're going to have over the next six months because it's a dramatically different way of doing things and I think it's very much what we've done in Virginia. In Virginia, we're the number one state for jobs because we have focused like a laser beam on the economy. And we made that our priority and we cut back spending and we did it in a strategic way and we did it early and provided business and tax incentives so you have growth and having a prosperity agenda while you're also having to cut back on government spending, get more of that activity going on the private sector so you can grow the economy and not have these disastrous policies you see in Europe, in these Greek-like policies that unfortunately President Obama and his Greek columns are bringing us."

Former U.S. Congressman Tom Davis (R-VA):  

"The problem we have is that all of the tough decisions are being kicked downstream. If you just take a snapshot as to where we are today. Everything is being kicked over until after the election.

"The appropriation bills, the House is going to pass most of these bills but you're not going to see because they have different 302 allocations but you're not going to see any reconciliation of that before the election. Again, we will be operating on continuing resolutions. So the appropriations bill over in October 1 start date will be kicked over until after the election...Whatever happens to the Bush tax cuts, the payroll tax will be kicked over until after the election, and that will be kicked over until after the election.

"The American people really don't know where anybody stands on these except we will wait until after the election and see what happens. Governor Romney has a unique opportunity to break the gridlock that we have had for a long time. In the meantime most of our spending is on autopilot.

"People forget that Governor Romney dealt with a heavily Democratic legislature during that time and knows how to govern in a bi-partisan mode. So I don't know what the make-up of the next Congress will be but when you take a look at the Governor's record he has been able to do an outstanding job in reaching across party lines and get results...

"The overriding issue which sets the mood and the atmospherics for the election is going to be the stewardship of the economy. I don't think there is any question that is where it is. I think that's where the voters will be focused in September and October..."

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

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