'Obama taxes, spends, borrows too much'

From an op-ed by Congressman Joe Pitts, R-PA:

President Obama has been spending the last couple of weeks attempting to sell his massive new budget plan. He recently held a prime time news conference in an effort to convince the American people, and, presumably, members of his own party in Congress, to sign up for his big spending, deficit increasing, tax raising budget.

Let me just be clear. The President's budget spends too much, taxes too much, and borrows too much. This is the most fiscally irresponsible budget in the history of our nation.

It raises taxes on every American family and business. The President has talked extensively about tax cuts for 95 percent of working families, but his cap and trade proposal would more than make up for those cuts with massive tax increases in energy costs that will be passed on to everyone who uses energy in any form.

The levels of spending in the budget are just staggering. During the tenth year of his budget, spending for just one single year would reach $5.1 trillion. In fact, if you add up all of the debt that's been accumulated by the 43 prior Presidents over the last 220 years, it comes to just half of the deficit spending the President is proposing over the next six years.

The administration isn't being honest about the true cost of the budget. They are manipulating the numbers with an overly optimistic economic outlook and unrealistic tax revenue projections. These are the very budget gimmicks the President claims to have done away with. In fact, the non-partisan Congressional Budget Office reports that the President wants to spend $2.3 trillion more than the White House claims.

Read the full column at The Pottstown Mercury Web site.