Unfortunately, it didn't. The President, a week later, submits to Congress a budget that's $407 billion out of balance. And we're living in a time when the second largest line item in the Federal budget that is before us is the interest on the national debt, which is $9.2 trillion. The second largest line item in this budget is interest on the national debt. Now, that alarms me, Mr. Murphy, and I'm sure it alarms you. And I would want to do something about that if I was submitting a budget before Congress. And I would want to show, having just talked about fiscal responsibility, that I was committed to fiscal responsibility. But, unfortunately, we have a budget that makes all the wrong decisions because it is fiscally irresponsible, it does have misplaced priorities, it does move in the wrong direction as far as increasing the deficit at a time when we already have a record debt, but it cuts programs like Medicare and Medicaid.
Editor's note · Context
Discussing the President's budget proposal and its implications for fiscal responsibility.
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