U.S. Senator Thad Cochran (R-Miss.) today criticized the FY2014 federal budget plan unveiled by President Obama --a $3.7 trillion proposal that arrived more than two months past a Feb. 4 delivery deadline.
"The budget plan announced by the Administration looks like more of the same tax and spend polices that have piled up unprecedented levels of red ink. This is just the beginning of a process which I hope we can control more effectively with restraint and common sense than has been the case in the past."
A summary produced by the Senate and House Budget Committees shows that the President's budget would add $964 billion in new spending above projected growth, increase taxes by an additional $1.1 trillion, and add $8.2 trillion in new debt.