GOP, conservatives balk at Biden's $5.8T budget, say it will swell inflation, national debt

Conservatives in Congress are blasting President Biden's proposed $5.8 trillion budget for failing to deal with record inflation that is already stretching paychecks and family budgets.

Despite the estimated deficit reduction from Biden's proposed tax hikes, the White House projected that the nation's gross debt would jump from $31.3 trillion to $44.8 trillion by fiscal 2032 under the president's budget path.

"Under President Biden, the American people are finding it more difficult and more expensive to put food on their tables, gas in their cars, and clothes on their backs. The president has presided over one developing crisis after another - none of which are happening by accident," said Missouri Rep. Jason Smith, the top Republican on the House Budget Committee.

"With our debt crisis having crossed $30 trillion, Joe Biden told Americans that he was going to get serious about tackling trillion-dollar yearly deficits, but the reality is his budget grows America's debt to $45 trillion by 2032 - a $15 trillion addition to the nation's debt," he also said.

South Carolina Sen. Lindsey Graham, the Senate Budget Committee's top Republican, suggested Biden's budget is filled with gimmicks and shell games.

The president's own budget documents show cumulative deficits of $14.4 trillion over the next ten years.

Senate Budget Chairman Bernie Sanders, a key architect of Biden's original Build Back Better spending package, said he looks forward to fully reviewing the president's proposal.

https://justthenews.com/government/congress/conservatives-balk-bidens-massive-58-trillion-budget-saying-it-will-swell