02.02.15

Gardner on the President's Budget: "Willful Ignorance"

Washington, D.C. – Senator Cory Gardner (R-CO) released the following statement today on the release of the President’s Budget:

“The President’s budget is a disappointment, full of new spending, more taxes, more special carve outs, and fewer opportunities to come to the table with the new Congress and work towards a sane, responsible budget for our nation. And it’s willfully ignorant of the dangerous cliff our federal budget is already approaching.

“Just last week, the Congressional Budget Office (CBO) released an economic outlook report. Our gross national debt currently stands at over $18 trillion. In ten years, the CBO says that current budgeting would take that to over $27 trillion. The President’s budget tinkers at the edges of our debt, trying to justify its massive spending increases with more taxes, fees, and budgetary tricks.

“No reasonable person could look at what’s going on in Washington and think that the problem with our government is that it taxes and spends too little. We need a responsible plan that leads to a balanced budget while keeping our nation’s promises. While I still believe that we can work with the President towards that goal, this budget is an unfortunate missed opportunity.

“Beneath the veneered exterior of our economy are some troubling statistics. Worker’s hourly earnings are not experiencing the type of growth that we’re seeing in the stock market or corporate balance sheets. It’s crucial that the Congress and the President come together on a budget that actually works towards addressing that gap. Instead, we got a grab bag of the President’s spending priorities and no real plan for the future.”

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