Black Statement on President Obama’s FY 2014 Budget

Black Statement on President Obama’s FY 2014 Budget

Washington, D.C. – Congressman Diane Black (R-TN), member of the House Budget Committee and Ways and Means Committee, issued the following statement regarding President Barack Obama’s Fiscal Year 2014 budget proposal.

“Despite the more than two month long, record-breaking budget delay, the president has failed – yet again – to put forward a budget that will ever achieve balance - subjecting America to a future limited by debt, crushing interest rates, and fewer opportunities. Like each of the president’s previous annual budgets, this year’s proposal sadly is just as cynical, as it is detached from the fiscal and economic realities facing our nation. His budget proposes $1.1 trillion in higher taxes, $964 billion in new spending and $8.2  trillion in more debt for current and future generations.

“The president’s acknowledgement in his budget that changes must be made to our entitlement programs is a positive development, but modest cuts on the edges are no substitute for the fundamental structural reforms required to ensure the long-term solvency of programs like Medicare and Medicaid, upon which so many Americans rely. His proposed entitlement “savings” focus primarily on rationing care and limiting access to quality health care. The House Republican budget offers real, substantial reforms to Medicare and Medicaid that would ensure the long-term solvency of these important programs. Our premium-support reform of Medicare and a cap on federal Medicaid spending, combined with greater flexibility for the states, would restrain the growth of spending through implementing a more reasonable financial model that empowers consumers and realigns incentives to encourage innovation, efficiency and competition.

“Ultimately, the president’s budget - filled with reckless spending and higher taxes - undermines our economic recovery, represses upward mobility and weakens the middle class. In contrast, the House Republican FY 2014 balanced budget promotes economic growth, funds our nation’s priorities, repairs our social safety net and saves important entitlement programs like Medicare for future generations as well as sets the framework for comprehensive, pro-growth tax reform. Congress and the president both have a responsibility to advance policies that will create the conditions for a robust economy and job creation and steer America away from a debt crisis. I hope that the president will take that responsibility seriously and commit to working with House Republicans to move forward on policies with broad bipartisan support, such as enacting comprehensive, pro-growth tax reform and making a down payment on our debt.”

ICYMI: Rep. Black Discusses President’s Budget on MSNBC