We must cut spending to grow jobs

Today's jobs report reveals that far too many people remain out of work. That is why all of our efforts are centered around jobs – starting with cutting spending and federal regulations – to grow the economy so that people can get back to work. There is no doubt that the joint effort to prevent taxes from being raised on families, small businesses and investors helped to restore a sense of certainty to the private sector, but far more needs to be done. 

Since our joint-effort to prevent tax increases, the President and Congressional Democrats have unfortunately returned to lofty political rhetoric and more of the same stimulus-style government spending that failed to create jobs and added to our fiscal woes. In contrast, the new Republican Majority has delivered on our campaign pledge to repeal the job-crushing ObamaCare law, reduce spending to 2008 levels or less, and vote on a new spending cut each week. And next week, we will begin to review the countless onerous regulations that create unnecessary hurdles and red tape for businesses small and large.

Though the unemployment rate suggests a small step in the right direction, we have a lot of work to do. With a continued commitment to cut spending and damaging federal regulations, we will grow the economy and create private sector jobs.

Rep. Eric Cantor (R-Va.) is the House majority leader.