Biden Likes To Say Budgets Are About Values; If So, It’s Clear He Only Cares About Trillions In Tax Hikes, Wasteful Spending, And New Debt
MIDDLE-CLASS AMERICANS WOULD ULTIMATELY PAY FOR BIDEN’S IRRESPONSIBLE BUDGET
- Yesterday Biden unveiled his budget for FY 2023, a $5.8 trillion spending spree chocked full of wasteful spending and higher taxes.
- Biden says his budgets are a statement of his values, yet his bloated budget fails to address the priorities of the American people.
- If Biden’s budget were adopted, the national debt would reach a new record by the end of the decade, growing by over $15 trillion.
- Biden’s budget includes nearly $2.5 trillion in tax hikes.
- By the end of the decade, Biden’s budget would result in over $72 trillion in cumulative federal government spending.
- With middle and lower-class Americans already struggling to afford 40-year high inflation and record high gas prices, Biden’s budget will only compound these difficulties.
BIDEN’S BUDGET PUTS U.S. NATIONAL SECURITY AT RISK
- Biden’s budget would effectively cut defense spending, leaving defense funding flat for the near term and would grow “well below projected inflation” in the future.
- Because of Bidenflation, his budget would result in “even harsher declines of defense purchasing power” as the military needs a budget at inflation levels “just to tread water.”
- This reduction in purchasing power would allow China to close the gap in defense spending in 2023.
- The Biden budget would shrink the Navy, leading to a smaller fleet as a result of “higher bills” and “rising costs due to inflation.”
- Biden is proposing a reduction in U.S. military troop numbers in his budget.
- Under Biden’s plan, the Army would lose 12,000 soldiers, the Air Force would cut 6,000 jobs, the Navy would be forced to let go 600 sailors, and the Marine Corps would see its active-duty numbers drop by 1,500.
- The reduction in Army troop numbers would leave the U.S. with the smallest Army since World War II.
BIDEN WANTS TO CRUSH THE AMERICAN PEOPLE WITH MORE TAXES
BIDEN’S BUDGET IS FULL OF WASTEFUL SPENDING
BIDEN’S BUDGET IS FULL OF GIMMICKS AND EVEN EXCLUDES HIS MULTI-TRILLION DOLLAR SPENDING PLAN
ORGANIZATIONS ACROSS THE POLITICAL SPECTRUM CRITICIZED BIDEN’S BUDGET
- Committee for a Responsible Federal Budget: “Unfortunately, this budget leaves debt on an unsustainable path, and lacks important details on how it would structure the core of its agenda or address provisions scheduled to expire.”
- National Alliance For Public Charter Schools: “We were therefore disappointed that President Biden’s FY23 budget proposal did not include an increase in funding for the Charter Schools Program (CSP) … The current level of funding for the CSP is not adequate to meet the demand of parents.”
- Business Roundtable: “Business Roundtable strongly opposes the business tax proposals included in the Administration’s FY 2023 budget proposal.”
- Susan B. Anthony List: “The Biden budget is anything but ‘moderate.’ … President Biden today caters to the most extreme voices within his party, throwing longstanding, bipartisan consensus out the window to fulfill a campaign promise to the radical abortion lobby.”
- The Heritage Foundation: “His budget is bloated with excessive spending, job-killing taxes, and harmful regulations that threaten America's economy, while also failing to provide the U.S. military with the funding and resources it needs to successfully defeat our key adversaries, including Russia and especially the Chinese Communist Party (CCP).”