Nugent says Obama can't hide

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January 2, 2013                                                                                                                          

REP NUGENT: THE PRESIDENT CAN’T HIDE BEHIND CAMPAIGN SLOGANS ANYMORE.  HE NEEDS TO GET SPECIFIC…

(WASHINGTON, DC.) –  Following House passage of the Fiscal Cliff legislation, Rep. Rich Nugent (FL-05) issued the following statement:

“President Obama said he wants a balanced approach, but all taxes and no reform of our out-of-control spending isn't balanced.

“The tax increases that the President asked for won't even cover the increase in our interest payments from this year to next.  He knows that even if he taxed every dollar of taxable income – not just the top bracket - at a 100% rate, it still wouldn't be enough money to cover our $86 trillion in unfunded future obligations.  The President has to get serious about putting this country on a path that we can sustain. 

“With these tax increases, we will still have trillion dollar annual deficits out as far as the eye can see and his tax plan barely makes a dent in that. The President can't hide behind campaign slogans anymore. He needs to get specific about his priorities for spending. The taxpayers can't afford to do it all.”