U.S. Lawmaker: Obama spending "staggering"

A Republican lawmaker said U.S. President Barack Obama's first 100 days in office can be summed up with three words - "spending, taxing and borrowing." During the party's weekly address Saturday, Representative Lynn Jenkins blasted Mr. Obama and the Democrat-controlled Congress for passing a $787 billion stimulus package and a $3.4 trillion federal budget plan. U.S. Lawmaker: Obama spending "staggering" Jenkins called President Obama's spending "staggering" and warned he is poised to increase the national debt more than any president in U.S. history. Congress passed the budget blueprint Wednesday without a single vote from Republicans who charge the plan will hurt the economy in the long-run and burden future generations with too much debt. But U.S. billionaire Warren Buffett, a powerful voice on the economy, said Saturday the U.S. government is doing the right things to help the economy recover. Buffett made the remarks while speaking to shareholders of Berkshire Hathaway, his insurance and investment company. The budget outline clears the way for Obama to pursue an ambitious agenda to revive the economy, reform healthcare, improve education and promote energy independence. The measure is a non-binding resolution that will be used as an outline for actual spending legislation later this year.

U.S. Lawmaker: Obama spending "staggering"

Jenkins called President Obama's spending "staggering" and warned he is poised to increase the national debt more than any president in U.S. history.

Congress passed the budget blueprint Wednesday without a single vote from Republicans who charge the plan will hurt the economy in the long-run and burden future generations with too much debt.

But U.S. billionaire Warren Buffett, a powerful voice on the economy, said Saturday the U.S. government is doing the right things to help the economy recover. Buffett made the remarks while speaking to shareholders of Berkshire Hathaway, his insurance and investment company.

The budget outline clears the way for Obama to pursue an ambitious agenda to revive the economy, reform healthcare, improve education and promote energy independence.

The measure is a non-binding resolution that will be used as an outline for actual spending legislation later this year.