Republicans Accuse Obama of Proposing 'Spending Binge' Extension

WASHINGTON -- Republicans are criticizing President Obama, accusing him of proposing to extend Washington's "spending binge" at a time of growing budget deficits.

In the weekly GOP radio and Internet message, Congressman Jeb Hensarling of Texas called for spending cuts and fiscal reform.

Congressional budget experts recently projected that the difference between federal spending and revenues will surge to a record $1.5 trillion for the budget year that ends Sept. 30.

Hensarling wondered how "spending us down the road to national bankruptcy help us 'win the future'?"

He says the government can't borrow and spend its way to a prosperous economy because no nation can do that.

Hensarling says Obama's "can do rhetoric" doesn't square with his "job-destroying policies."