Here's Buchanan's statement, released earlier this afternoon:
“With 14 million Americans out of work, and Florida’s unemployment higher than the national average, we need to do everything possible to reduce spending and grow the economy,” Buchanan said. “Unfortunately, the President’s bloated budget proposal falls far short by spending too much, taxing too much and grows the debt instead of the economy.”
“At a time when we should be encouraging job growth and entrepreneurship, the President’s budget imposes a $1.6 trillion tax hike on families and small businesses,” Buchanan said.
“It does this all while adding $8.7 trillion in new spending over the next 10 years, increasing the national debt from $14 trillion to $26.3 trillion,” Buchanan said. “This is unacceptable.”
Buchanan also stressed the importance of reining in runaway spending, noting that we are currently borrowing 40 cents for every dollar we spend.
“We have to put an end to the irresponsible spending policies that have created a mountain of debt for our children and grandchildren,” Buchanan said.