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Tom Price: Obama's budget 'does nothing to spur meaningful economic growth'

U.S. Rep. Tom Price (R-Ga), vice chairman on the House Committee on the Budget, released a statement on Tuesday criticizing President Barack Obama's Fiscal Year 2015 budget proposal.

White House Press Secretary Jay Carney listens during a news conference March 4, 2014 at the Eisenhower Executive Office Building in Washington, DC. Carney held a news conference to discuss the Obama Administration's FY2015 budget proposal.
Photo by Alex Wong/Getty Images

"Today, President Obama put pen to paper on his political agenda in the form of a federal budget - late, as it has been 5 of the 6 years he's been in office," said Price. "In it, he fully embraces the false notion that Washington's record deficits and climbing debt can somehow be controlled by massively increasing spending and hiking taxes. Meanwhile, as the federal government is spending record amounts on social welfare programs, 1 in 5 children live in poverty. 15 percent of all Americans are impoverished.

"Instead of taking this opportunity to examine the efficacy of these programs to provide help for more people, President Obama has called for even more government spending. His budget would increase federal spending by 63 percent in a decade and would cause the national debt to skyrocket to $25 trillion in 2024."

The Georgia congressman went on to say that instead of cutting national debt, the President wants to raise taxes just to increase government spending.

"Yet again, President Obama has offered an irresponsible budget proposal that never, ever comes into balance. It would do nothing to spur meaningful economic growth or right this nation's fiscal path," he said.

Price, who represents Georgia's sixth congressional district, promised that House Republicans will present their alternative to President's plan, which will include tax cuts and less regulation, while paying off the national debt and repairing "the social safety net."

Click here to read Rep. Price's statement.