Sessions Statement on President Obama's FY 2010 Budget
Statement
Sessions Statement on President Obama's FY 2010 Budget
U.S. Congressman Pete Sessions (R-Dallas) issued the following statement in response to the Obama Administration's fiscal year 2010 budget to Congress:
"Especially during this economic crisis, American families and businesses are making tough financial decisions every day, and they have every right to expect the same from their government.
"Unfortunately for American taxpayers, the Obama Administration's budget proposal is a blueprint for higher taxes, more government spending, and deeper deficits. From tax increases on small businesses to energy taxes on every consumer, this plan will tax every Americannot just the wealthiest 2 percent. With a $3.9 trillion 2009 spending total on top of the $1.3 trillion "stimulus" bill Congress passed, this budget guarantees a deficit of nearly $1.8 trillion dollars this year while doubling the national debt in eight years.
"Americans know that we cannot tax and spend our way out of a recession. History shows that tax increases during a recession are a recipe for greater unemployment and economic loss. And continued deficit spending financed by China and other foreign countries will only hasten America's day of economic reckoning.
"My Republican colleagues and I stand ready to work with President Obama to achieve his stated commitment to fiscal responsibility. As a Party of ideas, my Republican colleagues and I remain committed to offering fiscally-responsible alternatives, including our call for a spending freeze and continued tax relief during this economic crisis."
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