The 60 Second Update with
Congressman Mike Pence
1. How much will the Obama budget cost?
Federal spending under the Obama budget nearly doubles, rising from $2.983 trillion in 2008 to $5.1 trillion in 2019. Forcing hard-working Americans to pay higher taxes to offset out-of-control government spending is no solution, it is poor governing.
And it gets worse, spending under the Obama budget rises to about 24.3 percent of the GDP by 2019 which is four percentage points higher than the historical average. The fact of the matter is the Obama budget spends too much, taxes too much and borrows too much and the American people know it. During these challenging economic times every American family and small business is making financial sacrifices and living within their means. Congress should do the same. This out-of-control government spending must come to an end.
Question 2. Do Republicans have a solution?