Wednesday President Obama released his FY2014 budget, 65 days past the February 4th deadline. Following its release U.S. Representative Cynthia Lummis (R-Wyo) issued the following statement:
"The President's proposal is 65 days late, $16 trillion short, and never balances; hardly the makings of a genuine budget.
"Instead of a fiscally responsible plan, the President simply offers more of the same. Over the next ten years his budget proposes $46.5 trillion in federal spending, an additional $1.1 trillion in tax increases, and adds $8.5 trillion to the debt.
"Ironically, the Keystone pipeline, projected to add billions in revenue and thousands of jobs to the U.S. economy, is noticeably absent without even a mention in the President's budget. The President instead chose to highlight year 2017, or the year by which the Administration projects the unemployment rate will finally dip below six percent.
"Clearly this Administration has a disconnect with reality. Our nation does not have a revenue problem. Our nation has a spending addiction, one so extreme this budget proposes taking even more from hard-working Americans to satiate the federal government's appetite for increased spending.
"What we've received today is a plan that doesn't make sense. Until the Senate and the President can agree to a budget that supports America's job creators, protects American citizens and, most importantly, balances, no real progress can be made on our deficit and growing debt. Hopefully we can begin to see a change to common sense sooner rather than later."
To learn more about President Obama's budget visit: http://www.whitehouse.gov/omb/budget.