Congressman Tom Price (R-GA) issued the following statement regarding the Obama administration’s forecast that their spending plans will result in a $9 trillion deficit over the next ten years. This projection is nearly $2 trillion more than the White House’s previous forecast.

“Once again, the Obama administration’s projections have proven to be way off base,” said Congressman Price. “The White House’s new figure is over twenty-five percent higher than their last prediction, yet they wonder why Americans don’t believe their claims that a government takeover of health care will be deficit neutral. Instead of making the tough budgeting decisions confronted by households across the country, free-spending Washington Democrats are recklessly pursuing an ‘all-of-the-above’ spending strategy that requires a blind-eye but no accountability. It’s time to embrace the responsible budget proposal introduced by the Republican Study Committee, which would respect the wishes of American taxpayers by achieving a balanced budget by 2019.”

NOTE: The Republican Study Committee proposed a balanced budget that would have provided $1.2 trillion in tax relief. It also included provisions to end bailouts, reduce non-defense discretionary spending, and tackle health entitlements. A full summary can be found here.