Rep. Burgess: ACA & stimulus 'wet blanket' on job creation, says we're rapidly approaching the day when big Medicare cuts will be made

With one week until the Republican National Convention, we're learning more about the tone the Romney Campaign is hoping to set there. At the same time, the cover of "Newsweek" now saying "Hit the road, Barack" and author Niall Ferguson argues why it's time for the US to have a new president.

Rep. Mike Burgess, MD (R-Texas), chairman of the Congressional Health Care Caucus, talks with Soledad this morning on "Starting Point" about what this Newsweek cover could mean for the presidential race, and weighs in on the ongoing Medicare cut discussion.

The big argument in the "Newsweek" piece is that despite a dream team of advisers, President Obama has been unable to fulfill many promises.

"You had things like "cash for clunkers" and putting caulk in people's windows that had nothing to do with rebuilding the economy," Burgess says. "These things almost seemed to be payoff for people who supported the president during his 2008 campaign. There were much better ways to go about this doing this."

He adds, "You look at some of the projects that were started during that time and they really did not seem to be designed to improve the economy. The other aspect that was unfortunate during those first two years, they spent so much time, the administration spent so much time trying to link health care to the economy and in order to get the president's health care law passed. But honestly when you look back at it, this has been one of the things that has inhibited the recovery....The Affordable Care Act was a wet blanket on job creation, the cap and trade bill and financial reg bill, all pushed by the president in the first year and a half of his administration."

Rep. Burgess also weighs in on the Medicare cuts discussion, and whether it's possible

"We're rapidly approaching the day where there will have to be some significant cuts made," Burgess says. "The president acknowledges this by setting up a board that's going to make cuts in Medicare where Congress will have little impact after the board has decided. This is a change people aren't aware of in the president's health care law, this independent payment advisory board, the brain child of Tom Daschle. He wanted to set up the Federal Reserve for health care. Does that sound like a good idea right now? Not really."

Watch more from the interview in the clip below.