Rep. Scott Garrett (R-NJ), senior Member of the House Budget Committee and Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement today after President Obama failed to comply with the legal deadline of an annual budget proposal:
"For the fourth time in five years, President Obama has missed the legal deadline to submit his annual budget proposal to Congress. President Obama, like everyone else, is bound by the rule of law, and I expect him to comply immediately.
"Instead of kicking the can down the road, I was proud to author the Republican Study Committee's (RSC) budget the last two years. Reaching balance in less than ten years was not easy. The time to save future generations of Americans from the burden of uncontrollable debt, higher taxes, and massive unemployment is now. To do nothing, to sit by and let our debt crisis continue to spiral out of control, would run counter to the American tradition of leaving our country better off than we found it.
"The right choices are not always easy ones, but they are necessary. We must restore fiscal sanity to Washington. We owe it to the American people, our children, and our grandchildren."