Monday, February 1, 2010

Shuster's Statement on President Obama's FY2011 Budget

“Just last week in his State of the Union address, President Obama stressed the need to recapture the spirit of fiscal responsibility in Washington. He reaffirmed this in his remarks to House Republicans on Friday. Unfortunately, the President’s budget falls short of the mark and fails to put his rhetoric into action.

Instead of producing a budget outline that cuts spending and reigns in the growth of government, the President’s proposal spends more than any budget in history, creates the largest deficits in our history and would require an equally large increase in taxes to pay for it all. This is not the approach we need in a time of soaring deficits, double digit unemployment and an uncertain economy.

I do look forward to working with the President to find ways we can get spending under control, but this budget is not the right way to start. Freezing spending next year, while spending $3.83 trillion now will not put our fiscal house in order. I will continue to work with my Republican colleagues in Congress on a responsible budget alternative that will address our economic situation in a commonsense manner.”

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