On the recordFebruary 13, 2012
I wish to continue the comments along the line of our distinguished Republican leader and talk about the President's proposed budget that was released today. Unfortunately, the President's budget proposes more debt, more spending, and higher taxes. It is bad news for job creation and for America's job creators and portends nothing good; indeed, only does it portend ominously for our country getting back on the right economic track and creating the kind of growth that will generate jobs and prosperity. The President's proposed budget again ignores his own bipartisan fiscal commission, the Simpson-Bowles Commission, which concluded in December of 2010 that America faced ``a moment of truth'' because we simply had spent more money than we were taking in for too long and had accumulated too much debt, which was killing economic growth and threatening to turn us into a Western European country, which we see today that the eurozone is in jeopardy. One week from today, millions of Americans will celebrate President's Day, our national holiday that honors all our Commanders in Chief. But this year, President Obama will share a distinction that no other President has ever had: He has proposed a budget that dwarfs all the debt accumulated over more than 22 decades by all his predecessors.…
Source
govinfo.gov




