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Organization: U.S. Rep. Howard P. "Buck" McKeon
Date: April 2, 2009
McKeon: The President's Budget is Generational Theft

WASHINGTON, D.C. — Today, the U.S. House of Representatives passed President Barack Obama's $3.1 trillion FY2010 budget. Rep. Howard P. "Buck" McKeon (R-CA) was a fierce opponent of the Democrats' budget and instead supported the GOP proposal put forward by Rep. Paul Ryan (R-WI). The Republican measure, which failed to pass under the Democrat majority, would have spent $4.8 trillion less than the President's budget over ten years.
    "Californians — and Americans across the country — should be paying attention to what happened tonight in Washington. Democrats just passed through the House the President's budget, which amasses $5 trillion of debt in five short years — the same amount it took 43 presidents 232 years to do before this. Over the next ten years under the Democrats' budget, my constituents can expect to contribute to at least $1.2 trillion in tax increases over the next ten years. The President's budget spends too much, taxes too much, and borrows too much and is essentially generational theft."
    "Conversely, the Republican Budget Alternative aims to put America back on the path to prosperity by bringing the country's debt under control, borrowing $3.6 trillion less than President Obama's budget over ten years. Additionally, the GOP plan does not raise taxes and creates $2.1 million more jobs than the Democrats' budget."
    • For information on the Republican Budget Alternative, click here.
    • For a breakdown of the Democrats' budget, click here.
    • For a chart outlining the soon-to-be-imposed deficit through 2019, click here.
    • For a chart illustrating debt under the Democrat budget, click here.
    For additional background information on the budget and McKeon's views, please visit www.mckeon.house.gov.

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