WASHINGTON, D.C.— On March 12, 2024, Senator Rick Scott questioned Office of Management and Budget (OMB) Director Shalanda Young during a hearing of the Senate Committee on the Budget on President Biden’s reckless $7.3 trillion FY 2025 budget proposal. President Biden’s proposed budget would add $6.4 trillion to the national debt over the next four years. Since 2019, the population has increased 2%, yet Biden’s latest budget proposal would increase federal spending by 66%—completely outpacing sustainable levels of spending.
In case you missed it, following the release of President Biden’s FY 2025 budget proposal yesterday, Senator Scott issued the following statement.
Senator Rick Scott said, “For three years, the American people have watched the Biden administration spend all their money and then borrow more and spend that too, but they aren’t seeing their lives get any better. Prices keep going up, interest rates keep going up, and taxes keep going up, but President Biden wants to add another $6.4 TRILLION in debt over the next four years with more reckless, inflation-fueling spending. And while life just keeps getting more expensive, it’s getting harder to find a good, full-time job which you can only expect to get worse if Biden raises the corporate tax rate to 28%, which is three points higher than Communist China’s rate! This proposed budget is an insult to the American people. In tomorrow’s Budget Committee hearing, I will press Director Young on President Biden’s disastrous budget record and expose the lies this administration tells every single day about the economy while families struggle just to get by.”
Original source can be found here.
