House Speaker John Boehner (R-Ohio) on Thursday dismissed President Barack Obama's pending remarks on the economy as more empty words, and said Obama has failed to help promote economic growth by allowing the national debt to skyrocket under his watch.
A release from Boehner's office noted that when he was a senator, Obama warned that increasing the national debt would weaken the U.S. domestically and internationally.
The office of House Speaker John Boehner (R-Ohio) said President Barack Obama's pending talk on the economy is just 'empty bluster' unless Obama finally works with Republicans to cut the national debt. (AP Photo/J. Scott Applewhite)
"That senator is now the president of the United States, and today he's giving a speech about how America's economic greatness fuels America's leadership around the world," the release said. "President Obama is right about that, but he’s also correct that his reckless spending and refusal to fix our debt problem has weakened America's standing and made us less secure."
Rather than work with Republicans to cut the debt, Obama has insisted on tax hikes and ignored GOP attempts to reform entitlement programs. The release said Republicans continue to believe debt reduction is a key to rebuilding the U.S. economy.
"If President Obama agrees, he should work with Republicans to rein in out-of-control spending, encourage entrepreneurship and small business job creation (instead of trying to tax it and punish it), and reduce the debt," it said. "Otherwise, his big speech in Chicago is just more empty bluster."
The national debt has increased by about $7 trillion under Obama, and at the end of September stood at $17.8 trillion.
Boehner's office noted the budget deficit for the just-finished fiscal year 2014 is expected to come it at just over $500 billion, which is higher than any of President George W. Bush's deficits.
"It's amazing that President Obama actually brags about cutting the deficit, especially considering the fact that he has fiercely opposed nearly every Republican attempt to address the drivers of the government's exploding debt: autopilot spending on 'entitlements,' " it said.