Washington, Mar 29 : Republicans appear to be crafting their own version of Bill Clinton''s legendary campaign phrase in an effort to recapture both chambers in Congress next year.

According to FOX News, sixteen years ago, Bill Clinton surged to an improbable presidential victory over incumbent George H. W. Bush, primarily on the strength of a snarky campaign phrase: "It''s the economy, stupid."

Now, the Republicans have come up with a message: President Obama''s fiscal policy "spends too much, taxes too much and borrows too much."

While that phrase lacks the same zing as Clinton''s, Republicans have persistently wielded it every chance they get.

Senator Judd Gregg of New Hampshire and Mississippi Governor Haley Barbour unleashed the phrase in the last two weekly Republican addresses.

Other GOP leaders to hurl it include House Minority Leader John Boehner, House Minority Whip Eric Cantor, Republican Conference Chairman Mike Pence, and Senate Minority Leader Mitch McConnell.

"Ultimately, the results will bear themselves out," said Ken Spain, spokesman for the National Republican Congressional Committee.

"If we should find ourselves in this mess next year, Democrats will have a lot of explaining to do. They will have run up an astronomical amount of debt with little results," he added. (ANI)