National Review Online has obtained a portion of Rep. Michele Bachmann’s speech:
After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks that the President signed, many of you implored Washington to please stop spending money we don’t have.
But, instead of cutting, we saw an unprecedented explosion of government spending and debt at President Obama’s direction; unlike anything we have seen in the history of our country. . . .
For two years President Obama made promises . . . He claimed that he would find solutions to fix our economy and help create jobs.
Well, here are a few suggestions:
The President could stop the EPA from imposing a job-destroying cap-and-trade system.
The President could agree with House Republicans and commit himself to signing a Balanced Budget Amendment.
The President could also agree to an all-of-the-above energy policy whereby we increase American energy production, reduce our dependence on foreign oil, reduce the price of gas at the pump, and create good-paying jobs in the U.S.
The President could turn back some of the 132 regulations put in place in the last two years that each have an impact of $100-million or more on our economy.
Thanks to all of you, there’s reason to hope that real spending cuts are coming. Last November many of you went to the polls and voted out big-spending politicians and you put in their place men and women who have come to Washington with a commitment to follow the Constitution and cut the size of government. And I believe that we are in the early days of a history-making turn here in the House of Representatives.
Last week we voted to repeal ObamaCare, and each day going forward, we must work hard to dismantle the massive government expansion that has happened over the past two years.
Bachmann, a Minnesota Republican and founder of the Tea Party Caucus, will deliver these remarks following the official GOP rebuttal by Rep. Paul Ryan (R., Wis.).