Valdosta Daily Times

April 11, 2013

President’s budget not worth the wait

Calls for $1.1 trillion in new taxes, adds $8.2 trillion to the national debt

Rep. Jack Kingston's Communications Office
Press Release

WASHINGTON — Congressman Jack Kingston (R-GA) had hoped that the 65-day delay in President Barack Obama presenting his budget proposal meant the President would break new ground.  Unfortunately, he learned today that the proposal was not worth the wait.

“You would think that missing the legal deadline by a full two months would mean the budget would contain something new,” he said.  “Instead, we have a document full of the tired rhetoric of class warfare and old phony budget gimmicks.  This budget is a classic example of Washington’s tax and spend policies that threaten to bankrupt our country.”

The President’s budget calls for $964 billion in new spending and would add $8.2 trillion to the national debt.  It seeks to finance the increased spending with $1.1 trillion in new taxes.

“President Obama just got a $618 billion tax increase in January and he’s already back at the trough for more,” said Kingston.  “We don’t need more taxes to fund Washington’s wasteful spending.  We need to make government more efficient and more accountable to the American people.”

Like previous budgets, the White House employs budget gimmicks and accounting tricks to over state the deficit reduction in the budget.  For example, it claims savings of $1.384 trillion from winding down the wars in Iraq and Afghanistan.

“You cannot claim to have saved money you were not going to spend in the first place,”Kingston said.  “That’s tantamount to me telling my wife that a new grill would be free because we didn’t buy one last month!  It just doesn’t add up.”