Michele Bachmann statement on Today's unemployment report

Today's unemployment report is another stark reminder of the failure of President Obama's economic policies. The President promised if we passed the massive stimulus package that unemployment wouldn't go above 8 percent, we are now at 9.2 percent. Unfortunately, millions of Americans are suffering today as a result of the president's broken promise and his policy of attempting to create jobs through massive government spending that has added over 35 percent to our national debt.

"Amidst this economic freefall, it should not be lost that the architect of the President's failed economic policies, Timothy Geithner, will head for the door after he attempts to cement the President's legacy of massive spending and debt by raising the debt limit another $2.4 trillion dollars. We can only hope that the President will be right behind him after the next election.

"The President promised 'shovel-ready' projects that would create jobs, but now the President says 'shovel-ready was not as shovel-ready as we expected.' Mr. President, it's time to take the shovel out of your hand and stop digging. ATM's aren't responsible for our high unemployment rate; your administration's threat of higher taxes, massive government spending, and overregulation are."

TEXT CREDIT: Bachmann for President P.O. Box 251310 | Woodbury, MN 55125 info@michelebachmann.com

IMAGE CREDIT: teambachmann

House Republicans Cut, Cap, and Balance VIDEO

103 House Republicans sent a letter to House Republican leadership calling for a solution that could resolve the current debt limit impasse and prevent the bigger, Greece-like debt crisis just over the horizon: Cut, Cap, and Balance.

1. Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.

2. Cap - We need statutory, enforceable caps to align federal spending with average revenues at 18% of Gross Domestic Product (GDP), with automatic spending reductions if the caps are breached.

3. Balance - We must send to the states a Balanced Budget Amendment (BBA) with strong protections against federal tax increases and a Spending Limitation Amendment (SLA) that aligns spending with average revenues as described above.

With each passing day our nation’s fiscal health gets worse, leaving our children and grandchildren falling further into debt. Democrats seem to have given up, proposing even more borrowing in response to our massive debt addiction. With the problem growing larger every day, we must move quickly and unite behind a plan to cut spending and get our budget into balance.

TEXT CREDIT: Republican Study Committee (RSC)

VIDEO CREDIT: RepublicanStudyComm