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Kaptur: President Bush's Budget for 2006 is Fiscally Irresponsible

Location: Washington, DC

Feb 7, 2005

Budget Excludes Billions for War Effort in Iraq and Trillions Required for Bush Proposal to Privatize Social Security

WASHINGTON-Congresswoman Marcy Kaptur (OH-9) called the Bush Administration's 2006 budget sent to Congress today fiscally irresponsible. The budget adds more than $4 trillion to the deficit in the next 10 years. It fails to include the billions needed for the war in Iraq, the trillions required for the Bush plan to privatize Social Security and would more than double the co-payment charged to many veterans for prescription drugs.

"Our greatest responsibility is to leave our children a world that is safer, more prosperous, and more secure," said Kaptur. "This budget fails that test. It is fiscally irresponsible. It is morally irresponsible. And it demonstrates a failure to lead."

While the budget squanders trillions of dollars on tax breaks for the wealthy, it cuts funding for the Low-Income Home Energy Assistance Program (LIHEAP) by $80 million. The budget cuts billions in education, health care, housing, and environmental programs. And it fails to include any additional details on the Bush Administration's plan to cut Social Security benefits by almost 50 percent for millions of future retirees.

"This disappointing budget clearly shows that the Administration is out of touch with America's values and the real needs of people in Ohio's Ninth District," said Kaptur. "On every issue our nation faces, it is our responsibility to ensure that the policies we pursue are consistent with the values we cherish."

"Over the coming months, we will fight for a budget that reflects the values of America's middle class: national security, prosperity, opportunity, fairness, community, and accountability," continued Kaptur. "A responsible budget is the first step towards building a future worthy of the trust of the American people, the sacrifices of our men and women in uniform, and the aspirations of all of America's children."

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