House GOP leadership says Biden's fiscal 2025 budget proposal another example of 'reckless spending'

House Speaker Mike Johnson, House Majority Leader Steve Scalise, Majority Whip Tom Emmer, and Republican Conference Chair Elise Stefanik slammed President Biden’s proposed budget Monday for fiscal 2025.

"The price tag of President Biden’s proposed budget is yet another glaring reminder of this Administration’s insatiable appetite for reckless spending and the Democrats’ disregard for fiscal responsibility. Biden’s budget doesn’t just miss the mark — it is a roadmap to accelerate America’s decline," the House GOP leaders said in a statement.
 
“While hardworking Americans struggle with crushing inflation and mounting national debt, the President would increase their pain to spend trillions of additional taxpayer dollars to advance his left-wing agenda," they added.
 
The lawmakers decried the budget as "misguided" for raising federal spending while the deficit and debt remain at record levels.

"Our efforts to rein in the runaway spending spree from last year's budget have already yielded results, lowering projected deficits by $2.6 trillion over the next decade," the GOP lawmakers said. "The House’s budget plan for the next fiscal year, preceding the president’s proposal, reflects the values of hardworking Americans who know that in tough economic times, fiscal discipline is non-negotiable. House Republicans understand the American people expect and deserve nothing less from their government.”

The Committee for a Responsible Federal Budget, a budget hawk group, found that under Biden's budget, the "national debt would rise to $45.1 trillion or 105.6% of Gross Domestic Product (GDP) by 2034, from $27.4 trillion or about 97% of GDP today." Those figures are calculated using on the Biden administration's own internal figures, the organization noted.