President Obama unveiled a $3.8 trillion budget for the 2013 fiscal year that begins on Oct. 1. The spending plan projects a $1.3 trillion deficit for the coming year and an increase in the national debt of more than $10 trillion over the next 10 years.Rep. Joe Pitts, a Republican who represents Pennsylvania's 16th Congressional District, issued the following statement today on President Obama budget:
“Three years ago, the President promised to cut annual deficits in half by the end of his first administration. Today’s budget shows that he is far from accomplishing that goal. This budget raises taxes by nearly $2 trillion and still fails to come even close to balancing within the next decade.
“While the President says his budget will create an ‘economy built to last,’ trillion dollar deficits are no foundation for the future. We cannot have a healthy economy when our debt outpaces growth.
“The American people deserve an honest debate on the best way to balance the budget. Unfortunately, the President’s budget is not a serious plan for debt reduction. Also, for a third year in a row, the Democratic-led Senate will not even attempt to pass a budget. By contrast, House Republicans will again put forward a budget that puts us back on the right track.”
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