Wednesday, February 16, 2011

Cole: Obama's Budget Ignores Debt, Adds Taxes

Congressman Tom Cole On The Obama Budget: "The president's budget demonstrates a disappointing lack of leadership. America will go bankrupt unless both parties come together and make tough choices, yet President Obama has ignored our massive debt and delivered a budget that contains even more spending, taxing and borrowing. It's going to take a lot more than a few cosmetic spending cuts to overcome our $14 trillion debt. This budget cannot be considered a serious debt reduction proposal when it avoids tackling our greatest fiscal challenge: the two-thirds of the budget consumed by Social Security, Medicare and Medicaid. It appears House Republicans should not expect support from the White House in reducing the debt."

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