The President’s Irresponsible Budget

A budget is a fiscal blueprint of the future. It is an outline of one's priorities that tells you what an individual or group considers important, and also what they view as unimportant.

President Obama's budget proposal for next year – which was delivered late once again, for the fifth time in six years – demonstrates that his priorities remain both higher taxes – to the tune of $1.8 trillion – and bigger government in the form of new spending.

On the other hand, it appears the president finds debt reduction to be unimportant. His budget does nothing to control the costs of our nation's entitlement programs, and makes no attempt to stop the reckless spending and get our debt under control. His proposal totals $3.9 trillion at a time when our federal government collects roughly $3 trillion in revenues – meaning more borrowing from countries like China will be required to finance his government spending.

With the federal debt totaling roughly $17.5 trillion, I had hoped that the president would do more to address our nation's fiscal irresponsibility. Instead, this budget once again does not balance, it adds $8.3 trillion to the debt over the next 10 years, and it does more to grow the government rather than growing the economy.

At the end of the day, unfortunately, the president's budget is more of the same - more taxes, more spending, more borrowing, more debt, and more government. It is not a serious plan for our nation's future.