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President Obama's Fiscal Year 2016 Budget Proposal

Floor Speech

Date: Feb. 4, 2015
Location: Washington, DC
Issues: Government Budget and Spending

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Mr. THOMPSON of Pennsylvania. Mr. Speaker, while I am very proud to
represent Punxsutawney, Pennsylvania, we woke up on Groundhog Day to a
budget proposal that feels like the infinite loop--loaded with the same
tax-and-spend policies that have not worked for the President or for
the American people.

The President's budget proposal is a hard left U-turn that attempts
to undo the three consecutive years of more responsible, less
discretionary spending. While Congress only has the power of the purse,
this budget altogether ignores our staggering national debt, which is
more than $18.1 trillion.

Despite $2.1 trillion in proposed tax increases, President Obama's
budget never balances--ever. Since 2009, $7.5 trillion has been added
to the national debt, and expenditures amount to more than $21.1
trillion. The President's budget request recommends adding a staggering
additional $8.5 trillion to the debt.

Mr. Speaker, we need smart budgeting to fund our priorities without
doing harm to families, small businesses, and future generations. The
American people deserve no less.

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