Fiscal year ends in fiscal failure (Rep. Paul Ryan)

Making matters worse, Democratic leaders failed to take action to stop looming tax increases from hitting families and small businesses.  A growing bipartisan consensus stands united against the Democratic leaders’ refusal to prevent across the board tax increases amidst continued economic hardships, fostering greater economic uncertainty and stifling job creation.
 
This year’s budget breakdown is particularly troubling given the $1.3 trillion deficit and $13 trillion debt.  The unemployment rate remains too high and economic growth remains too low.  Congress missed a critical opportunity to stop the looming tax hikes, restrain the explosive growth of government spending, and advance an agenda of real reform.