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Roskam: Obama's Budget Locks in the New Normal

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Date:
Location: Washington, DC

Congressman Peter Roskam (IL-06) released the following statement on the release of President Obama's budget today:

"In March, half a million Americans gave up on finding work, and those who have a job haven't seen a comparable wage increase to the cost of living in years. It's getting more expensive to buy groceries and harder to save for retirement. Our debt has swelled to $16.8 trillion and the downward pressure on our economy will only result in tougher times for American families. This is a sounding alarm for a new direction, but today President Obama chose do to more of the same. His budget recycles the same stale plan of the last four years -- one of more taxing and more spending. Even though he has gotten $1.6 trillion in new taxes from his healthcare law and from increased tax rates at the beginning of this year, he still wants more. House Republicans have a different vision for our future with a budget that balances in 10 years. Lifting the burden of debt will strengthen a frail labor market and give the economy a chance to recover.

"While the president is proposing incremental reforms to Social Security, I believe the solvency of vital safety net programs should not be contingent on getting more tax revenue. It is a standalone priority and that's why the House budget offers reforms that will preserve these programs for our nation's seniors for generations to come. The new normal under President Obama of high unemployment and a stagnant economy doesn't have to be our future."


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