Next Tuesday, President Obama is expected to submit his final budget proposal to Congress. Last year’s edition got a grand total of one vote in the Senate, so expectations aren’t high in these parts. And in year eight, we know what kind of proposal we can expect: a bloated budget that grows the government.
But growing the government is not going to solve our problems. In fact, more government means less freedom, less opportunity, and less creativity. The proof is in the pudding: the pathetic 0.7 percent GDP growth from last quarter shows that President Obama’s tax-and-spend recovery plan is not working.
- A Budget that Never Balances. While House Republicans have consistently passed budgets that balance within a matter of years—not decades—the president has never proposed a budget that balances. Ever. Will the president make it eight in a row?
- A Budget that Threatens Medicare and Social Security. We need to fix Medicare and Social Security to ensure they’re sustainable for many years to come, but the president refuses to acknowledge that they are on a fast track to bankruptcy. Will the president live in denial until the end?
- A Budget that Raises Taxes. In order to pay for all the new spending, the administration will once against propose higher taxes on millions of hardworking families and businesses. The timing could not be worse. Wages are stagnant, 46 million Americans are living in poverty, and just yesterday, for the first time ever, we surpassed $19 trillion in debt. The last thing we need right now is more taxes.
If the last seven years have taught us anything, it’s that we can expect more of the same: more spending, more debt, and more taxes that will dampen economic growth and burden future generations.
House Republicans are committed to presenting a serious budget, under Budget Committee Chairman Tom Price’s (R-GA) leadership, that strengthens our economy and advances strong conservative priorities. 2016 is going to be a year of ideas, and we will show the country what a bold, pro-growth agenda under a Republican president will look like.