Neil

McConnell: “President’s budget is more spending, more taxes, more debt”

By: Neil Middleton
By: Neil Middleton

President Barack Obama sent Congress a nearly $4 trillion budget on Monday. The President says this budget will pour money into the fight against unemployment. The deficit this year would surge to a record-breaking $1.56 trillion.

President Barack Obama sent Congress a nearly $4 trillion budget on Monday.  The President says this budget will pour money into the fight against unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.

The deficit this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion gap.  The deficit would remain above $1 trillion in 2011.

Senate Republican leader Mitch McConnell says “this budget is more of the same, more spending, more taxes and more debt.”

 

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Neil Middleton
WYMT Mountain News
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