Economy & Small Business
Last week, President Obama’s budget for fiscal year 2015 was officially released. Unfortunately, the proposal was yet another display of his refusal to tackle the serious fiscal issues of our day. Rather than recommend ways to slow down federal spending, the president instead presented a budget blueprint that would allow the government to grow even larger, impose a greater tax burden on hardworking families and still never achieve balance.
Last month, President Obama filed his annual budget blueprint for fiscal year 2015. While the contents of his proposal have been a major topic of discussion in the news since then, its official release on March 4 will determine the next steps for lawmakers, who must work together to ultimately find a common agreement.
Like a person’s credit card limit, the debt ceiling is not meant to be reached or exceeded. If the nation approaches or reaches the debt ceiling, it should signal lawmakers and the president to deal with the debt, not add to it.
The Hill - Molly K. Hooper
