McConnell: President Biden’s Budget “Would Drown American Families in Debt, Deficits, and Inflation”
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) issued the following statement today regarding President Biden's budget announcement:
“Now we know why the Administration tried to bury their budget announcement on the Friday before a holiday weekend.
“President Biden’s proposal would drown American families in debt, deficits, and inflation. Even after the massive tax hikes Democrats want to force on the American people, they’d still have the government running trillion-plus-dollar deficits every year. Democrats want to borrow and spend on a scale that America has not seen since we had to fight and win World War II. Our debt burden would break all records, eclipsing even the 1940s.
“And for what? A stronger national defense to compete with China? No, this budget would actually cut funding for our Armed Forces after inflation and leave us less safe. Generational new public works? No, there’s no 21st-century equivalent of the Hoover Dam or the Interstate Highway System to make Americans proud. It’s amazing how little all this taxing, printing, and borrowing would actually net American families. The money would just disappear into a million mediocre socialist daydreams, from electric car subsidies to work-discouraging welfare programs to Washington-directed childcare plans that would put politicians’ thumbs on the scales of family decisions.
“Americans are already hurting from far-left economics that ignore reality. The Administration’s counterproductive ‘COVID relief bill’ has slowed rehiring. Families are facing painful inflation, just as experts warned the Democrats’ plans might cause. And the Administration wants to triple down on the same mistakes?
“White House budget proposals are often quickly-forgotten messaging documents. But this year, Democrats are threatening to completely bypass Senate committees, short-circuit the legislative process, and unilaterally force this radical vision onto the American people as-is.
“Americans deserve better. Senate Republicans just sent President Biden a nearly $1 trillion proposal to fund real infrastructure needs. Just this week, a Senate committee unanimously approved a bipartisan bill to invest in roads and bridges. If Washington Democrats can move beyond the socialist daydreams and the go-it-alone partisanship, we could get a lot of important work done for our country.”