Tuesday, March 4, 2014
Obama’s #budget is dead on arrival, but there are parts you should read anyway:
◼ Why? Because a president’s budget proposals don’t have to get through Congress to have an impact on the political debate. There are always going to be pieces that will show up again in Obama’s speeches, or in the speeches of Senate and House Democrats as they try to draw contrasts with Republican budget ideas. - Politico
◼ Obama Budget: Spends, Borrows, Taxes Too Much - House Speaker John Boehner
“After years of fiscal and economic mismanagement, the president has offered perhaps his most irresponsible budget yet. American families looking for jobs and opportunity will find only more government in this plan. Spending too much, borrowing too much, and taxing too much, it would hurt our economy and cost jobs. And it offers no solutions to save the safety net and retirement security programs that are critical to millions of Americans but are also driving our fiscal imbalance.
“In the president’s vision for our future, America’s budget never balances – ever. After dramatically expanding entitlement programs, the president now believes our entirely predictable long-term debt crisis is the next president’s problem. Despite signing last year’s bipartisan budget deal – and touting it as an accomplishment – the president now proposes violating that agreement with a spending surge. What’s more, he proposes raising even more taxes – not to reduce the deficit but to spend more taxpayer money.
“This budget is a clear sign this president has given up on any efforts to address our serious fiscal challenges that are undermining the future of our kids and grandkids. In the coming weeks, Republicans will produce a responsible budget that balances, promotes opportunity, reforms our tax code, saves our critical safety net programs, and places a priority on creating jobs, not more government.“