Texas Insider Report: WASHINGTON D.C.
The presidents incomprehensible approach is detrimental to job creation and an insult to millions of Americans who have urged Washington to stop piling the debt onto their children and grandchildren. We need to reform them for future generations to save them from bankruptcy.
President Obamas budget proposal irresponsibly raises taxes on families & small businesses by $1.9 trillion in order pay for even more spending. His plan would dig our $15 trillion financial hole even deeper by almost another trillion dollars next fiscal year.
Congressman Michael McCaul (R-TX) on the presidents budget proposal.
Said Congressman Randy Neugebauer:
Today President Obama submitted his budget proposal for FY 2013 to Congress. Instead of addressing our nations $15.5 trillion dollar debt his budget proposes to spend $47 trillion over the next 10 years while imposing a $1.9 trillion tax increase on American families and adding trillions of dollars in new debt.
Clearly President Obama still does not understand that continuing to spend money we dont have jeopardizes Americas chances of a stable and secure future.
