“President Obama promised to cut the deficit in half by the end of his first term but instead ran up trillion dollar deficits every year he’s been in office,” said RNC Chairman Reince Priebus in a statement. “His budget for next year is more of the same. It’s full of more spending and more tax increases that have put this country deeper into debt.”

“Instead of mortgaging our children’s future, President Obama should have fulfilled his promise to cut spending. Unfortunately, this is another in a long line of failed promises that the American people won’t forget when they vote to put an end to his presidency this November.”