Ryan: The President's Budget Is Yet Another Disappointment
WASHINGTON—Today, the President released his budget request for fiscal year 2015—one month past the statutory deadline. It is the fifth time in six years that President Obama has missed his deadline, and it is the worst record in history.
“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.
“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.Key Facts
Taxes Hiked (Again) to Pay for New Spending
A Booming Washington, D.C.—and a Shrinking American Middle Class
The share of Americans over 16 who are working is at its lowest level since 1978. Real wages are lower today than in 1999. One in five U.S. households is on food stamps. But what do the President and his party propose? A health law that will remove the equivalent of 2.5 million full-time workers from the workforce; an energy policy that drives up costs and destroys jobs; a regulatory policy that sends U.S. jobs and wealth overseas; a tax policy that closes plants and factories; a welfare policy that discourages work; and a spending policy that that crushes economic growth and threatens the future of America’s youth.
Republicans believe in a different vision: one that shrinks the welfare rolls by growing the employment rolls. One that transitions struggling Americans from dependency and joblessness to work and rising wages. Republicans believe in making choices that not only help families today, but guarantee a safe future for their children tomorrow.