Washington, D.C. – U.S. Rep. Allyson Schwartz, senior member of the House Budget Committee, issued the following statement today on President Obama’s Fiscal Year 2012 Budget Proposal.

“The President’s budget proposal is a long-term economic blueprint that strikes the right balance between reducing our deficit and making strategic investments in our country’s economic future. The Budget released today will cut our deficit by $1.1 trillion and stabilize our national debt.

“President Obama’s proposal makes smart, strategic investments in education, innovation, infrastructure, and research and development. These targeted investments will help us continue the economic growth we have seen in the last six months.

“In contrast, Congressional Republicans have proposed immediate and extensive cuts that slash spending solely for the sake of reaching an arbitrary number. Republicans do not have a plan to address long-term deficit reduction or to promote long-term economic growth. Their slash and burn approach to the budget will do more harm than good.

“This budget is about tough choices and shared sacrifices. The President’s plan targets investments to promote private sector jobs and strengthen America’s economic competitiveness and targets spending cuts to tackle the deficit responsibly.”

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