House Republicans have been successful at forcing significant cuts to the federal budget over the last nine months, but it hasn't translated into the economic expansion they promised. "Cut and grow" they called it, but so far there's been a lot of "cut" and not much "grow."
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Here's House Majority Leader Eric Cantor (R-VA), echoing the vast majority of Republicans, in February: "[W]e must cut government spending to bring down the deficit and the debt because if you look at the current levels of debt, added what's required to fund future deficits, you're going to have a crowding out of private capital. If you do, businesses will not grow, and you will overall retard that economic growth. You will bring on inflation, erode the value of the dollar and create an economic environment where you are going to reduce consumer spending power and ultimately the standard of living in America."