FROM: RNC Chairman Reince Priebus
TO: Republican State Party Chairs
RE: The Supercommittee and our National Debt
Since we’re just days away from the much-awaited report from the Joint Select Committee on Deficit Reduction (the Supercommittee), I want to highlight for you a few important points on the subject as it relates to our 2012 message.
The six Republicans on the twelve member committee have worked around the clock to offer a pragmatic, responsible solution. In addition to making significant spending cuts, they’ve also put tax reform on the table in order to achieve the target $1.2 trillion in deficit reduction.
Their plan reforms the tax code to close loopholes and induce growth through lower marginal rates. Republicans understand that we can grow the economy and raise revenue if we focus on policies that create jobs. It’s actually pretty simple: the more Americans that go back to work, the more taxes the government brings in.
It’s a time-tested method of jump-starting the economy. It worked under President Kennedy and under President Reagan.
But at this time, it seems the Democrats will have none of it. They’re intent on pushing a deal that includes significant tax increases and more stimulus money. Leave it to the Democrats to include more government spending in their ‘solution’ to a problem created by out-of-control government spending.
While I’m hopeful the Supercommittee will come to an agreement, it is possible they will reach an impasse and simply find a way to further delay.
Make no mistake, the Republicans on the committee have negotiated in good faith, offered up reasonable proposals, and shown a willingness to make the tough choices that deficit reduction requires.
And we must not let anyone forget: we are in this predicament because of President Obama’s failed promises. He promised to cut the deficit in half by the end of his term. Instead, we’ve had three years of record budget deficits fueled by his massive spending binge and financed by loans from China and other nations. No modern President has had an appetite for deficit spending like President Obama’s.
Very soon the United States debt will exceed $15 trillion. It’s an unthinkable sum, and we’ve reached that threshold at alarming speed thanks to the Democrats. Since taking office, President Obama’s policies have increased the debt over 40 percent. If nothing is done, that growth will only accelerate.
While Republicans in Congress have passed plans for a balanced budget, spending restraint, entitlement reform, and tax reform, President Obama has been effectively AWOL. He ignored his own deficit commission, and he has yet to put forward a serious proposal to rein in spending. He exacerbated America’s debt problem but has done nothing to remedy it.
As we head to 2012, take this message to voters in your state. Remind them that the massive debt we face is a direct result of President Obama’s failure to govern like he campaigned. Let them know that Republicans have taken the task of deficit reduction seriously.
Voters must remember we are in this precarious situation due to the Democrats’ irresponsible spending. Over the last three years, their unwillingness to change their ways has made a long-term solution impossible. Americans know this is unsustainable. And in 2012, voters in your state must also know that Republicans will offer a solution.
Budget and Spending National Debt