Roskam On The Highest Deficit Inducing Budget Proposal Ever

Statement

Roskam On The Highest Deficit Inducing Budget Proposal Ever

Today, Congressman Peter Roskam (R-Ill.), Deputy Whip and member of the Ways & Means Committee, issued the following statement after the Obama Administration released their FY 2011 budget proposal, a record $3.8 trillion proposal that will raise the budget deficit to $1.6 trillion:

"After a year of misplaced priorities and record runaway spending, Democrats appear committed to doubling down on record taxes, record spending, record borrowing, and record debt, but still are resistant to truly embracing pro-growth policies that will create jobs and get our economy back on track. With 11.1% unemployment in Illinois, my constituents are in serious need of job creation and a return to fiscal sanity. What this budget offers is another "stimulus" program like the first failed stimulus, and will more than double the debt in five years and triple it in less than 10 years.

I appreciate President Obama's recognition that we must get our fiscal house in order. Unfortunately, the Administration's projected spending freeze "savings" will be wiped out four times over just by the increases in interest payments to carry our unsustainable debt. With such limited fig-leaf gestures, we'll contribute only a drop in the bucket to reducing our massive debt our kids and grandkids will have to pay off.

We simply can't afford another year of misplaced priorities, record wasteful spending and unyielding attempts to increase taxes; we need jobs and a commitment to stop Washington's out of control spending."

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