Roskam: President’s Budget Bad for our Economy Today, Prosperity of Future Generations
WASHINGTON – Chief Deputy Whip Peter Roskam issued the following statement in response to the release of the White House's Budget:
"The President's budget is an unfortunate failure that will make our economy worse, hurt current seniors and threaten future generations' prosperity. With national unemployment above eight percent for three years and debt challenges so great they threaten to diminish our children's futures, America needed more than an election-year budget with the same debt, doubt, and job-destroying policies from President Obama. This budget increases taxes on small businesses, continues Obamacare's raid on Medicare, and adds trillions in new spending and borrowing, while failing to tackle America's debt crisis.
"It also serves as a painful reminder that President Obama simply hasn't lived up to his promises. After promising to cut the deficit in half by the end of his first term, this budget projects an even higher deficit than last year, ensuring trillion-dollar deficits for all four years of the Obama Administration – just as we watch Greece painfully succumb to excessive debt. If we don't manage our debt now, our debt will forever manage us. Americans deserve a President that's willing to tackle America's enormous and multiplying debt. If we don't, future generations will inherit a diminished, Greece-like future."