WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement in response to President Obama’s irresponsible FY 2017 budget proposal that would increase spending by $2.5 trillion and raise taxes by $3.4 trillion over the next decade. Under this budget, the national debt will be more than double what it was when the president took office.
“Like every one of his previous budgets, President Obama’s newest plan never balances. Ever. Like all of his previous proposals, it increases spending by trillions of dollars above what we already cannot afford and takes more money out of the pockets of hardworking taxpayers with no plan to address the key drivers of our debt. Under the president’s vision, what we spend on interest on our national debt by 2022 will surpass that which we spend to protect and defend our nation. This is the same approach we have seen time and time again from this administration that continues to lead America down the same path we have been on for the past seven years: one with fewer jobs, lower wages, less opportunity and less security.
“The president’s defense of a broken status quo has even received substantial opposition from members of his own party when they have had to actually vote for or against the budgets he proposes. In the days to come, House Republicans will be offering a clear alternative to the president’s stale, big government policies. We will be presenting a positive vision for America’s future with a plan to strengthen our economy, rebuild confidence in our country, give our military the resources they need to carry out their missions, save and strengthen vital programs that will ensure health and retirement security for millions of Americans, and balance the budget. We refuse to accept the status quo. It’s time to look to the future with a budget that will actually meet the fiscal, economic and national security challenges of the 21st Century.”