President Obama on Monday called for an end to “mindless austerity” as he presented the Republican Congress with a $4 trillion budget proposal that would shatter the budget caps under sequestration.
Bolstered by the growing economy, the president declared that the deficit focus of the past should be discarded in favor of “investments” in infrastructure and education, funded partly by tax hikes on the wealthy and big business.
“Will we accept an economy where only a few of us do spectacularly well? Or are we going to build an economy where everyone who works hard has a chance to get ahead?” Obama said Monday at the Department of Homeland Security following the budget’s unveiling.
He described his proposals as “middle-class economics” in which “everybody gets a fair shot, and everybody is doing their fair share, and everybody plays by the same set of rules.
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