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Smith: Taxpayers Tired of Government Borrowing and Spending

Statement

By:
Date:
Location: Washington, DC

Science, Space, and Technology Committee Chairman Lamar Smith (R-Texas) today released the following statement in response to the President's budget proposal.

Chairman Smith: "Even after a two-month delay, the President's budget still gets a failing grade. Filled with new spending and over one trillion dollars in tax increases, his proposal once again fails to balance the budget and continues to borrow 25 cents for every dollar the federal government spends. Hardworking taxpayers are tired of watching the government borrow and spend money it doesn't have.

"While getting points for creativity, a proposed NASA mission to "lasso' an asteroid and drag it to the Moon's orbit will require serious deliberation. Seemingly out of the blue, this mission has never been evaluated or recommended by the scientific community and has not received the scrutiny that a normal program would undergo.

"I am also concerned that the Administration continues to favor subsidies associated with its green energy agenda over basic research that helps keep America competitive. The bankruptcies of Solyndra, Abound Solar and Beacon Power have demonstrated a lack of accountability within the President's green energy initiatives. The President now wants more money to fund more pet projects, when it is clear that his administration has not been responsible with the taxpayer dollars that have already been spent."

The Science Committee will hold hearings in the coming weeks to receive testimony on the President's budget priorities.


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