Cole Statement on President’s FY 2015 Budget

Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after it was revealed that the president's annual budget blueprint will abandon his previous efforts to cut spending and reform entitlements. In particular, the president will ignore changes to cost-of-living increases in Social Security and other programs that he previously recommended with Republican support. The president's budget for fiscal year 2015 is set to be released on March 4.

"As a member of the House Budget Committee, I am deeply disappointed that President Obama has chosen to release a budget that ignores our nation's sobering fiscal reality and abandons his own promises," said Cole. "As recently as last year the president indicated a willingness to at least look at entitlement reform and put real ideas on the table. For some inexplicable reason, he has now submitted a budget that abandons all responsibility and simply asks for even more money to spend on his pet projects.

"Seldom have I seen a president so blatantly disregard his official responsibilities and fail to address or acknowledge the devastating effects of our ongoing deficits. Instead this president seems content to fiddle while America burns," concluded Cole.

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