See release from Senator Rubio’s office and post your thoughts…
RUBIO: OBAMA’S BUDGET IS A BLUEPRINT FOR A RECESSION
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) issued the following statement regarding President Obama’s budget:
“President Obama’s budget is a blueprint for a recession. Filled to the brim with middle class tax hikes and debt spending, the recycled liberal ideas in his budget have failed time and again to create real vibrant economic growth for the American people. Our nation needs a plan that reflects the principles of limited government, free enterprise and a strong national defense.
“President Obama’s plan taxes and punishes American success, and it encourages long-term dependency on government. The President already got $600 billion in tax increases from the fiscal cliff deal struck in January, which I opposed. Now he wants over $1 trillion more in taxes on retirement savings, small businesses and job creators who can’t afford to hire because they’re burdened with new costs as they scramble to figure out just what’s in ObamaCare. It will never even come close to balancing our budget in the next ten years, leaving it up to future generations to figure out how to stop Washington from spending more money than it takes in.
“While the President’s budget attempts to address some of the defense cuts imposed by sequestration, I am concerned that it does nothing to reverse the damaging impact that cuts have already had on our military readiness. America is becoming less capable of projecting power and deterring conflict wherever it arises. For example, despite almost daily evidence of the increasing threat to the United States posed by rogue states with ballistic missiles, the President’s budget cuts spending on missile defense.
“A solid budget proposal – like the one House Republicans submitted last month – would develop American energy projects like the Keystone XL pipeline, fundamentally reform the tax code, eliminate job-crushing regulations, cut wasteful spending, and ensure we have the military needed to keep Americans safe. We need to enact policy that allows for income mobility and empowers economic opportunity. The Obama budget fails to do all of this. On the bright side, after arriving 65 days late, the budget proposal is useless considering the House and Senate have already proposed and passed budget resolutions.”