(AP) Republicans say President Barack Obama needs to stop growing the government and focus on restarting the "engine of economic growth."
In the weekly GOP radio and Internet address, Wisconsin Representative Paul Ryan also criticizes the compromise financial overhaul bill, saying it ignores Fannie Mae and Freddie Mac. The two mortgage giants have received huge federal bailouts and made bad loans that helped trigger the housing and economic meltdowns.
Ryan argues that the country needs to focus on "creating more jobs, not more debt," by embracing GOP efforts to cancel unspent Wall Street bailout funds and stimulus money and to help small businesses.
Ryan says economists recommend immediate fiscal discipline to create jobs and notes that Republicans have already identified $1.3 trillion in specific spending cuts that could be implemented right now.
I was out of the office last week. In case you missed it, here is the GOP weekly address from July 19th.
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