Washington President Barack Obama says Republicans’ plan to slash taxes and cut spending if the GOP retakes the House in November is no more than “an echo of a disastrous decade we can’t afford to relive.”
Obama used his weekly radio and Internet address Saturday to skewer House Republicans over the “Pledge to America” they unveiled this week. It also promised to cut down on government regulation, repeal Obama’s health care law and end his stimulus program.
“The Republicans who want to take over Congress offered their own ideas the other day. Many were the very same policies that led to the economic crisis in the first place, which isn’t surprising, since many of their leaders were among the architects of that failed policy,” Obama said.
“It is grounded in same worn-out philosophy: cut taxes for millionaires and billionaires; cut the rules for Wall Street and the special interests; and cut the middle class loose to fend for itself. That’s not a prescription for a better future.”
Republicans used their own radio address to defend the plan.
“The new agenda embodies Americans’ rejection of the notion that we can simply tax, borrow and spend our way to prosperity,” said one of its authors, California Rep. Kevin McCarthy.