House Republicans have unveiled a new budget plan that would cut spending by $5.5 trillion over 10 years. The measure increases military spending by adding $40 billion in “emergency” war funds and slashes at least $1 trillion in funding for social services like food stamps and welfare. The plan also demands Obamacare’s full repeal. Speaking after a St. Patrick’s Day meeting with the Irish prime minister, President Obama criticized the Republican proposals.
President Obama: “I should mention that I was hoping for a little luck of the Irish as the Republicans put forward their budget today. Unfortunately, what we’re seeing right now is a failure to invest in education and infrastructure and research and national defense — all the things that we need to grow, to create jobs, to stay at the forefront of innovation and to keep our country safe. It’s not a budget that reflects the future. It’s not a budget that reflects growth.”