GOP: "We are creating significant new uncertainty in an uncertain economy"

House Republican leaders came out against nearly all the major proposals in President Obama's $447 billion job-creation plan Friday, including his middle-class tax cuts and his approach to federal spending on transportation and school construction.

In a memo to all House Republicans, the GOP leaders said cutting payroll taxes through 2012 would lead to a tax increase in 2013 -- an argument that didn't deter Republicans from a much bigger, 10-year tax cut in 2001 that was extended last December but is set to expire on Dec. 31, 2012.

"There may be significant unforeseen downsides to large temporary tax cuts immediately followed by large tax increases," they wrote. "We are creating significant new uncertainty in an already uncertain economy."

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“I don’t disapprove of Barack Obama as a person, but as a president he has disappointed me greatly,” said Ann Sheets, 69, a Democrat from Chattanooga, Tenn... Ms. Sheets added, “I’m realistic enough to know how difficult it is and I am not against compromise, but I voted for a backbone. You have to draw some lines in the sand, and I don’t think he has done that.”

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