U.S. Senator Roger Wicker (R-Miss.) today issued the following statement after President Obama released his proposed FY2014 budget.
"Two months after the legal deadline, the President has put forward a budget that does not balance, increases taxes, and amounts to trillions in new debt," said Wicker. "This blueprint should have been an avenue for bipartisan agreement on constructive ways to get the economy growing again. Instead, it asks Americans to shoulder $1.1 trillion in new taxes for more spending in Washington. This is not a serious plan for putting the country on a sustainable financial path or encouraging the job creation that we urgently need."
The President's plan would amount to $8.2 trillion in new debt, $1.1 trillion in new taxes, and nearly $1 trillion in new spending. The federal debt would rise to $25.4 trillion in 2023, with interest payments reaching $763 billion.
The Senate voted unanimously to reject the President's budget last year. The deadline for the President to submit a budget is the first Monday in February each year.