President Obama's budget doesn't address our long term public debt problem. Brett commented on it to the Bowling Green Daily News
U.S. Rep. Brett Guthrie, R-Bowling Green, told the Daily News on Monday he's concerned that President Barack Obama's budget proposal doesn't address the country's long-term debt.
The Obama administration's budget that was issued Monday estimates the deficit will drop to $901 billion next year -- still requiring the government to borrow 24 cents of every dollar it spends -- and would settle in the $600-plus billion range by 2015, according to The Associated Press. The deficit for the current budget year, which ends Sept. 30, would hit $1.3 trillion, nearly a record and the fourth straight year the United States would be more than a trillion dollars in the red.
"It's disappointing; we have to solve this problem," Guthrie said.