Congressman Geoff Davis issued the following statement in response to President Barack Obama's $3.8 trillion budget proposal for fiscal year 2011:
"During the State of the Union Address, President Obama said, "Families across the country are tightening their belts and making tough decisions. The federal government should do the same.' Less than one week after issuing this call for fiscal restraint in Washington, the President has released a budget that proposes to spend $3.834 trillion for fiscal year 2011. His proposal represents an increase of $113 billion over fiscal year 2010.
"This budget is packed with increased taxes, increased spending, and increased debt for the American people. The President's budget predicts a $1.556 trillion deficit this year; a new record that surpasses last year's deficit of $1.4 trillion.
"Families across the nation are cutting their own budgets down to the necessities. It is past time for the President and Congress to follow suit. We cannot continue down this road of unsustainable spending and debt."
The House Committee on Ways and Means will begin its oversight hearings on the President's proposed budget on Wednesday, February 3, 2010.