SBC/HBC Joint Summary Of President Obama's FY 2015 Budget

Abstract

Growing The Government And Shrinking The Middle Class Spending Surges * We're not in an "era of austerity." Since 2009, we've added $6.8 trillion to the debt and spent $17.6 trillion. * The President's budget increases spending by $791 billion over 10 years and by $56 billion in 2015 above the Murray-Ryan spending agreement that he signed into law just two months ago. * His budget will increase total spending by 63 percent from today's levels over the next 10 years.