News release from Congressman Marlin Stutzman (R-IN 3rd):
Stutzman: “The President’s Budget Races Towards a European-Style Debt Crisis”
(April 10, 2013) Washington, D.C. – U.S. Congressman Marlin Stutzman issued the following statement in response to President Obama’s FY2014 budget proposal:
“Given the fact his budget never balances, I’m not sure why the President needed two extra months to recycle his failed approach of more tax hikes, more deficit spending, and more debt. Despite his incessant campaigning for a â€˜balanced approach,’ nothing in the President’s plan is balanced or ever will balanceâ€”$1.1 trillion in new taxes, $964 billion in new spending, and $8.2 trillion added to the national debt. The President’s budget races towards a European-style debt crisis as Washington spends money it just doesn’t have and the IRS takes money Hoosiers need.
“Unlike the President, the House is serious about a balanced approach and last month we passed a reasonable budget that actually balances in just ten years. We can solve these problems without taking another dime from Hoosiers who already saw a tax hike in January.”