RNC Chairman Reince Priebus:
"College students across Missouri and across the country are going to be heading home pretty soon for the summer and entering the workforce. It is important to note that the massive amount of debt that President Obama will be leaving this generation is unmistakably enormous and something that this generation and future generations will now have to deal with. There's no doubt that President Obama is the undisputed Debt King of the last five presidents despite the fact that President Obama has repeatedly promised to cut the deficit in half by the end of his first term.
"We've seen the most rapid increase in debt under any United States president, under President Obama. And by the time he is finished President Obama will have added as much to the national debt as all of the predecessors before him combined what makes all of this even worse is that President Obama refused to address entitlement reform for political reasons and he has instead kicked the can down the road. President Obama's last three and a half years in office have been characterized by a never ending line of broken promises and there's no reason to expect anything different if he by some miracle were elected to a second term. We can expect to see more out of control spending on things like GSA's trip to Las Vegas and Solyndra.
"America doesn't need more wasteful spending and we at the Republican National Committee, we're going to hold this president accountable to the words and the promises he made to the American people. He's the one that said he was going to get the debt under control; he's the one that said he would cut the deficit in half by the end of his first term.
"Well, I happen to believe that American's are starving for people of their word to run for office, get elected and most importantly govern in the way that they have campaigned. And this president, while he campaigns nonstop, he certainly hasn't come close to governing in the way that he campaigns. He can't make a promise and he can't keep a promise. And that's why he needs to be sent back to Chicago at the end of this year."
Former U.S. Senator Jim Talent (R-MO):
"I want to echo what the Chairman said. This is a case of the president's policies have clearly failed and by his own standards. The standards that he set for himself and according to his own numbers and projections of his administration. So, all these facts are undisputed. He did pledge to cut the deficit in half by the time he left office. In fact, the deficit is projected to be bigger in his final year in office than it was in his first year in office. He pledged to go line by line through the budget. There is no evidence whatsoever that he did. We know for example with the GSA scandal and the various government funding of green energy companies...there was simply no effort to do that.
"Many of those investments according to Obama officials went to people with close political connections with the president. So, the total deficit is going to double our debt is going to double by the time the president is going to leave office. According to Politifact he is the undisputed Debt King of the last five presidents. This is another example of where the president's policies have failed the American people. And we don't have to say to people in Missouri what this means. In Missouri, our government has to balance its budget. Missourians have to balance their own budget. We are leaving to the next generation, in fact to this generation and the next generation an enormous debt and they are going to have to service it. I mean this is going to be paid. And our people are going to have to pay it.
"The president made no effort to reduce the deficit and no plan to get to a balanced budget, to get to a deficit that is half of the one that he inherited. He ignored the recommendations of the Bowles Simpson Commission that he appointed. So this is a referendum on his failed policies in this area as in others. And the American people are going to pay the price for it."
Click Here To Listen To The Full Audio: http://www.gop.com/audio/5.15.2012_Missouri.mp3
Budget and Spending National Debt