A deficit hawk in Congress argues that President Obama's budget spends, borrows, and taxes far too much.
The Congressional Budget Office projects that the national debt will jump to $23 trillion by the end of President Obama's ten-year budget. However, some Democrats who, in the past, have advocated "pay as you go" budget rules, are lining up to support the President's budget. Congressman Bob Goodlatte (R-Virginia) reintroduced a balanced budget Constitutional amendment at the opening of the 111th Congress. He is especially troubled by how much money the president and his fellow Democrats want to borrow. "That is a 150-percent increase. It will be two-and-half times what our current debt is, and that is simply unsustainable," he contends. "The debt's going to rise to more than 80 percent of our gross domestic product, and that's not counting the liability that the taxpayers face for commitments that we've made where we haven't actually paid out the money but we've said, 'If this goes wrong, here we are. We will put this money forward.'" House Minority Leader John Boehner's office has compiled a 41-page document with quotes from various congressional Democrats who railed against the red ink run-up in President Bush's budgets and who have, in the past, spoken in favor of a balanced budget amendment, yet have chosen this legislative session to back the budget crafted by President Obama and House Speaker Nancy Pelosi.
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