“The president’s incomprehensible approach is detrimental to job creation, and an insult to millions of Americans who have urged Washington to stop piling the debt onto their children and grandchildren. We need to reform them for future generations to save them from bankruptcy.”
“President Obama’s budget proposal irresponsibly raises taxes on families & small businesses by $1.9 trillion in order pay for even more spending. His plan would dig our $15 trillion financial hole even deeper, by almost another trillion dollars next fiscal year.”
Said Congressman Randy Neugebauer:
“Today, President Obama submitted his budget proposal for FY 2013 to Congress. Instead of addressing our nation’s $15.5 trillion dollar debt, his budget proposes to spend $47 trillion over the next 10 years, while imposing a $1.9 trillion tax increase on American families and adding trillions of dollars in new debt.
“Clearly, President Obama still does not understand that continuing to spend money we don’t have jeopardizes America’s chances of a stable and secure future.”