U.S. Rep. Timothy V. Johnson today issued the following statement upon release of President Obama's proposed spending plan for 2013.
The budget proposes $3.8 trillion in spending and $2.5 trillion in revenue, resulting in a $1.3 trillion deficit -- the fourth trillion-dollar deficit in as many years. Further, this budget explicitly breaks President Obama's pledge to cut the deficit in half by the end of his first term.
"I'm offended that the President continues down this path of deficit spending being paid for by working Americans, their children and grandchildren," Rep. Johnson said. "This document is nothing more than a campaign platform of divisiveness, of pitting those who are rewarded for their hard work and those who are rewarded for nothing. Even with the assumption of $1.9 trillion in new taxes, specifically the Bush tax cuts expiring, President Obama and Senate Democrats will run a trillion dollar deficit. Where is this money to come from? The message is very simple: We can't afford it anymore. Under this proposal, the budget will never be balanced, ever again. Never. President Obama wants to run the federal government on borrowed money for perpetuity.
"People are out of work. They're being stuck with higher health insurance premiums, higher gas prices, higher taxes and stagnating wages. House Republicans have consistently put forward pro-jobs and pro-business proposals that would increase domestic energy production and preserve Medicare, Medicaid, and Social Security for future generations. Over 25 bills sit idle on the Senator Leader Harry Reid's desk.
By the end of 2013 under this budget, the total federal debt will be $16.35 trillion. Obama will have added $5.7 trillion in debt, more than any other president in our history. This is unforgivable.
This budget is a blueprint for extending the creeping shadow of the federal government into every recess of our lives, from compulsory contraception to telling us our kids can't work on the family farm. This plan will only continue to destroy jobs and further weaken our economy."