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Last week President Obama unveiled his budget proposal for 2013. This budget calls for more failed attempts to tax, spend, borrow and bail out our way to job creation.

The budget calls for policies that would fail:

-Our children and grandchildren, who are stuck paying for bailouts, wasted stimulus and trillion dollar deficits.

After four straight years of trillion-dollar-plus deficits (breaking his promise to cut the deficit in half), President Obama’s budget worsens our fiscal crisis and speeds the country to bankruptcy. Three years after the passage of the President’s trillion-dollar spending stimulus, this gimmick-filled budget calls for more wasteful spending taken from workers’ paychecks or borrowed from abroad. The massive spending increases are greater than the few proposed spending reductions.

-Spending in FY13: $3.8 trillion

His budget imposes a heavy cost for its commitment to intrusive government—diminishing economic opportunity by imposing the largest tax hike in history. Taking trillions more tax dollars from hardworking American families will further depress wages and destroy jobs at a time when millions of Americans remain out of work. In total, this budget imposes $1.9 trillion in new taxes on families, small businesses, and job creators—all to fund wasteful Washington spending.

-Income tax hike: $1.4 trillion                 

-Other tax increases: $340 billion

There is nothing fair about proposing the largest tax increase in history on small businesses and then scolding them when they can’t afford to take risks and create jobs and there is nothing fair about making our children and grandchildren pay the bill for what the president’s own fiscal commission co-chairs called the “the most predictable economic crisis in [our] history.”

Under the President’s watch, the federal government’s total debt has surpassed the size of the economy—undermining job creation today and threatening a debt crisis tomorrow. This President’s budget ignores the drivers of our debt, bringing our nation perilously close to a European-style crisis:

-Annual interest payments on the debt by FY22: nearly $1 trillion 

By failing to put forward long-overdue reforms, this budget allows Social Security to fall into bankruptcy (imposing an across-the-board 23 percent cut on seniors) and gives unaccountable government bureaucrats control over cutting Medicare in ways that would result in denied care for seniors. No credible action is taken to lift the crushing burden of debt. This President’s empty promises are quickly becoming broken promises for millions of Americans.

It’s time to try something new. House Republicans have a plan to right-size our government and plan to grow our economy.  Last year, House Republicans passed our budget, A Roadmap for America’s Future to confront the debt crisis the President has so artfully dodged.  Over the past year, we put forth a Plan for America’s Job Creators – 28 bills that will grow our economy and get Washington out of the way of job creators.  Sadly, these plans sit in the Senate, waiting for serious consideration.  It’s time for the president and Senate Democrats to stop blocking our jobs bills.