Paul Ryan: 'Budget Isn’t a Serious Document; It’s a Campaign Brochure'
'This budget never balances—ever.'
March 4, 2014 11:55 AM
Paul Ryan, chairman of the House Budget Committee, slams President Obama's budget in a statement released by his office.
“The President’s budget is yet another disappointment—because it reinforces the status quo. It would demand that families pay more so Washington can spend more. It would hollow out our defense capabilities. And it would do nothing to preserve or strengthen our entitlements. The President has just three years left in his administration, and yet he seems determined to do nothing about our fiscal challenges," says Ryan.
“This budget isn’t a serious document; it’s a campaign brochure. In divided government, we need leadership and collaboration. And in this budget, we have neither.”
Ryan's office sends along these "Key Facts."
This budget increases spending by $791 billion over the budget window—and by $56 billion above the Bipartisan Budget Act levels in 2015 alone.
It adds $8.3 trillion to the national debt over the budget window.
It calls for $1.8 trillion in new taxes—though the President has already raised taxes by $1.7 trillion during his administration.
This budget never balances—ever.