WASHINGTON – U.S. Congressman Jeb Hensarling (TX-05), Chairman of the House Financial Services Committee, released the following statement today after House Republicans met with President Obama.
“The only way we can solve our nation’s spending-driven debt crisis is by working together, so I applaud the president for meeting with House Republicans today. And while I find myself agreeing with much of what the president says, I disagree with most of what the president does.
“The president has promised spending reductions would be a part of the deal to avoid the fiscal cliff. The president got his tax increases, but he has yet to deliver on the spending cuts he promised the American people.
“The president has said the sequester was ‘a bad idea’ and ‘would not happen.’ Yet the president and Senate Democrats refused to consider either one of the two bills House Republicans passed to replace the cuts with common-sense spending reductions that did not jeopardize national security.
“The president has warned that the main drivers of our spending-driven debt crisis are our entitlement programs. Unfortunately, despite explicit warnings from Medicare and Social Security trustees that these programs will soon be bankrupt and break the promise of these programs for current and future retirees, the president has yet to put forward a proposal to save them.
“It is my sincere hope that the president will stop talking about what needs to be done and start working with House Republicans to address the challenges we face."