Statement On President Obama’s Budget Proposal

As member of the Senate Budget Committee, I released the following statement today regarding the President’s proposed budget for Fiscal Year 2011:

Simply put, the President has sent Congress a budget proposal that contains more spending, more borrowing and more taxes. This, after promising the American people that he would restore fiscal discipline to Washington by going through the budget with a scalpel to cut wasteful spending. But, once again, his actions don’t match up with his rhetoric.

The country is drowning in red ink with this year’s deficit expected to reach a record $1.6 trillion, and the Senate just last week voted to increase the federal credit limit to more than $14 trillion. But instead of reigning in this out-of-control spending, the President has proposed a budget that would increase deficit spending by 35 percent over the next five years while ignoring entitlement programs that continue on an unsustainable fiscal path.

Perhaps most devastating in the President’s budget, however, is not the unacceptable increase in the national deficit but the effect it has on the "deficit of trust" between him and the American people.