Doris Matsui: “the Republican budget being debated today shortchanges California and shortchanges America. It is fiscally…”

“the Republican budget being debated today shortchanges California and shortchanges America. It is fiscally irresponsible, fails to address the tremendous challenges facing America today, and fails to invest in America's future. Rather than ensuring a stable source of income for seniors and the disabled, the Republican budget raids the Social Security trust fund. Rather than investing in health care, education and job creation, Republicans have chosen to spend trillions of dollars on tax cuts. As a result of the Republicans' misguided priorities and fiscal irresponsibility, America is facing record deficits, with no end in sight. These deficits threaten to lead to increased interest rates, uncertainty in financial markets and slower economic growth. The Republican budget fails to help those Californians who need it most. Republicans refuse to provide funds for the extension of unemployment benefits, despite the fact that an estimated 300,000 Californians will have exhausted their benefits by the end of June. Likewise, the Republican budget cuts funding for important child and family services like Temporary Assistance for Needy Families, the Earned Income Tax Credit, affordable housing and Medicaid. I am also concerned because I believe our troops and veterans have earned our honor and support.…”