Congressman Paul Gosar on the President's FY 2012 Budget Proposal
Press Release
U.S. Congressman Paul Gosar, DDS (AZ-01) on the President's proposed FY2012 budget:
"The people of my district are hurting. For years they have had to live within their means, work with smaller and smaller budgets and try to make more with less. The government should work no differently. The days of writing blank checks should be over. The U.S. taxpayer has no more to give- they can barely make it on their own and the last thing Washington should do is fund a government spending spree at the expense of our small businesses and families. We're broke.
"My Republican colleagues and I have been making headway. We have worked together to make meaningful cuts and we will continue to listen to the American people and say enough is enough to the big spending ways of the past. Right now we have to make tough decisions, but the reality is we can no longer continue to spend our way further and further into debt.
"I am disappointed in the President's budget. It calls for $3.8 trillion in spending this year alone, it raises taxes on hardworking families, small businesses and job creators by $1.6 trillion and it will leave our nation with a $1.6 trillion deficit for the upcoming fiscal year. We cannot afford this budget and I hope that the President will listen to the people and begin to make significant reforms so that we can get our nation on a path toward fiscal responsibility and economic certainty."
Key facts from President Obama's Fiscal Year 2012 Budget:
* Spends Too Much
* $3.8 trillion in spending this year; 25.3% of GDP (highest since WWII)
* $46 trillion in spending over the decade; $8.7 trillion in new spending
* Taxes Too Much
* $1.6 trillion tax hike on families, small businesses, and job creators
* Borrows Too Much
* $1.6 trillion deficit for FY2012; a record third straight trillion dollar deficit
* Doubles and then triples debt held by the public since President took office
* $13 trillion added to the debt over the decade
Source