Today, the President released his budget request for fiscal year 2015--one month past the statutory deadline. It is the fifth time in six years that President Obama has missed his deadline, and it is the worst record in history.
Upon reviewing the President's budget, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement:
"The President's budget is yet another disappointment--because it reinforces the status quo. It would demand that families pay more so Washington can spend more. It would hollow out our defense capabilities. And it would do nothing to preserve or strengthen our entitlements. The President has just three years left in his administration, and yet he seems determined to do nothing about our fiscal challenges.
"This budget isn't a serious document; it's a campaign brochure. In divided government, we need leadership and collaboration. And in this budget, we have neither.