Budget Vice Chairman Price Responds to POTUS Budget

Statement

House Committee on the Budget Vice Chairman Tom Price, M.D. (GA-06), responded to the announcement of President Obama's Fiscal Year 2015 budget, saying:

"Today, President Obama put pen to paper on his political agenda in the form of a federal budget - late, as it has been 5 of the 6 years he's been in office. In it, he fully embraces the false notion that Washington's record deficits and climbing debt can somehow be controlled by massively increasing spending and hiking taxes. Meanwhile, as the federal government is spending record amounts on social welfare programs, 1 in 5 children live in poverty. 15 percent of all Americans are impoverished.

"Instead of taking this opportunity to examine the efficacy of these programs to provide help for more people, President Obama has called for even more government spending. His budget would increase federal spending by 63 percent in a decade and would cause the national debt to skyrocket to $25 trillion in 2024.

"President Obama has also proposed $1.8 trillion in new taxes in addition to the $1.7 trillion he has already raised. These new taxes would be used not to pay down our $17 trillion in national debt, but instead, to fund more of his spending. In short, President Obama wants to take more from the American people to spend more in Washington.

"Yet again, President Obama has offered an irresponsible budget proposal that never, ever comes into balance. It would do nothing to spur meaningful economic growth or right this nation's fiscal path.

"House Republicans look forward to providing a positive contrast to President Obama's budget - a better alternative that lowers taxes, reduces government spending, repeals Obamacare, eases the regulatory burden, repairs the social safety net and pays off our national debt. We are disappointed that President Obama has failed to demonstrate comparable seriousness at such a critical point in our nation's history."

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