Mr. WALBERG. Mr. Speaker, President Obama finally released his 2014 budget this week, 2 months late and trillions of dollars short.
Similar to last year's plan, it taxes more to spend more. While the President claims his budget will reduce the deficit in a balanced way, it won't ever balance--not in 10 years, not ever.
The President's plan is $8.2 trillion of new debt. It also includes $1.1 trillion in new taxes. Hardworking taxpayers don't deserve more taxes; they deserve a budget that allows them to keep more of their own money and not worry about financial debt being placed on their children and grandchildren.
House Republicans have passed such a budget, one that balances: a proactive budget that eliminates the deficit while also providing economic security for employers and employees, a sustainable safety net for the poor and those retiring, and a secure future for our children and grandchildren.
Americans know what it takes to create a balanced budget for their own families and their own businesses, and they deserve the same from their government.