POSTED: Monday, February 14, 2011 - 9:16am
UPDATED: Monday, February 14, 2011 - 6:53pm
Sen. John Cornyn (R-Texas) slammed President Barack Obama's new spending plan minutes after it was released this morning.
The president's $3.73 trillion bueget is certain to ignite a political battle with Republicans who say it is too timid about reducing the spiraling U.S. debt.
Speaking at a school in Baltimore, Maryland, the president said that his proposed budget will allow him to keep his promise to cut the nation's budget deficit by half at the end of his first term in office, which has two years to run.
“President Obama’s timid budget proposal represents a missed opportunity to lead. It increases the national debt by nearly $11 trillion, raises taxes, and ignores the recommendations of the President’s own bipartisan debt commission," said Cornyn. "Republicans are ready to show we are serious about making these tough choices and getting the boot off the neck of American entrepreneurs and small businesses.”