On the recordApril 10, 2013
in about an hour the President of the United States will release his budget--65 days after the statutory deadline of February 4, the first Monday in February. Since taking office, President Obama has raised taxes roughly $1.7 trillion--a number that I know none of us can actually comprehend. But now he wants to raise taxes once again. I heard the majority leader on the floor this morning advocating for another tax increase. The President's proposed budget will ask for another $800 billion, and that is on top of $600 billion that was the subject of the fiscal cliff negotiations at the end of last year. The President's budget, which will be released in an hour but which we have heard a lot about already, will never, ever actually balance. Every household in America, 49 States, every municipality, county government, everyone else in America has to live within their means but not the Federal Government. The President's budget, as I said, does not purport to live within our fiscal means, and it does not balance, but the President says this is a compromise. I heard his spokesman on television say this is not the President's ideal budget; this is what he views as a compromise. But here is the simple reality: America cannot afford this budget, and America cannot afford the President's so-called compromise. Let's review some recent history. In November and December of last year, Republicans were asking the President to embrace serious entitlement reform.…
Source
govinfo.gov




