House Budget Committee Member Lieu Very Pleased that President’s Budget Focuses on Job Creators
Washington – Today, Congressman Ted W. Lieu (D-CA) issued the below statement following the release of President Obama’s Fiscal Year 2016 Budget:
“I am very pleased the President’s Budget speaks to the job creators in our nation: the middle class. By cutting taxes for working families, rebuilding infrastructure, investing in research, and establishing new manufacturing hubs, the President’s Budget will increase jobs and middle class paychecks. This, in turn, creates the massive consumer demand necessary to sustain and increase America’s growth. Without demand, no product will sell well, no matter how cool it is. The basic law of supply and demand in economics means that America only succeeds when middle class families succeed.
The President also smartly stops the sequestration cuts in the budget. The across-the-board cuts are misguided because not all programs, services, and federal departments are the same. Some services save lives, some do not; some programs are important, but others are critical. Treating everything in the budget exactly the same is irrational.
Sequestration is also dangerous because this budgetary meat cleaver has degraded our military at a time when America and her allies are under constant attack by terrorist networks. As an Air Force officer in the Reserves, I have already seen the negative impact on military readiness at Los Angeles Air Force Base. The 33rd Congressional District is also home to some of the most advanced technologies in the world that have helped save the lives of our troops. It is time to stop hurting the companies that are so critical to our military.
As a Veteran, I commend the President for investing in the Department of Veterans Affairs. The President has set an ambitious goal: ending Veterans homelessness. This budget helps to provide the resources to ensure that those who served our nation do not sleep on our streets.”
Congressman Lieu serves on the House Committees on the Budget, and Oversight and Government Reform. He is also the Democratic Freshman Class President and a Lieutenant Colonel in the Air Force Reserves.