Obama’s FY 2015 Budget is Bad News
Today, President Obama released his fiscal year 2015 budget, which increases spending by $791 billion over 10 years, according to the Senate and House Budget Committee Republican analysis. It would add $8.3 trillion to the debt over 10 years. It would never balance. Heritage Action CEO Mike Needham responded with a statement:
President Obama’s budget will no doubt be greeted with cheers from the entrenched special interests that thrive off an ever growing government, but it will do nothing for Americans struggling in this economy. The American people deserve bold policies that restore economic vitality, renew the American Dream, and equip people to achieve happiness and prosperity.
Heritage Foundation experts are also weighing in. From energy to transportation to education, Mr. Obama’s budget promotes policies that would harm America.
Heritage’s Romina Boccia says Mr. Obama’s budget “shows a vision where federal government involvement is at the core of American success.” With his budget, Mr. Obama encourages Congress to violate discretionary spending caps. At the same time he “fails to adequately prepare our men and women in uniform to effectively fight current and future wars.”