GOP: Obama budget spends, taxes too much

WASHINGTON, March 21 (UPI) -- U.S. President Barack Obama's proposed budget "spends too much, taxes too much and borrows too much," a Republican Party spokesman said Saturday.

In a response to Obama's weekly radio and Internet address, Mississippi Gov. Haley Barbour called the president's proposed $3.6 trillion budget "a blowout" and "a massive government spending spree" that will send deficits soaring into the future, adding, "President Obama's budget spends too much, taxes too much and borrows too much."

"Trillions and trillions in new spending mean record tax increases and record government debt," said Barbour, who focused partly on a proposed cap-and-trade system designed to reduce greenhouse gases.

"The cap-and-trade tax and other energy taxes will drive up both electricity and gasoline prices for families and for businesses," he said. "And while Wall Street gets trillions to bail them out, small businesses will get stuck with not only income tax increases but also enormous cost increases for energy for electricity and gasoline. Families will get clobbered, too."