Cole Reacts to President's $3.5 Trillion Dollar Budget Proposal

Statement

Cole Reacts to President's $3.5 Trillion Dollar Budget Proposal

Congressman Tom Cole (OK-04) issued the following statement today in response to the President's FY2010 budget proposal.

"Many of America's families are facing foreclosures, struggling to pay their bills and losing their jobs," Congressman Cole said. "While the government has a responsibility to look after the interests of American citizens, I don't think a $3.5 trillion dollar budget proposal is what they had in mind. And to make matters worse, the proposal will spur tax hikes during a period of recession - a move I think is monumentally irresponsible."

"Just two days ago President Obama gave a speech where he announced his intention to cut the deficit in half. But Congress has passed over $1.2 trillion dollars of spending in a mere 21 legislative days so far this year. At the rate Congress is spending money, cutting the deficit in half is pure fantasy. And adding insult-to-injury, this high level of spending will trigger tax hikes on millions of American small businesses and families. President Obama had it right today when he said everyone will have to 'compromise' - but under his plan no one will have to compromise more than American families and small-business owners. This is not the change America needs."

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