WASHINGTON, DC—Congresswoman Carolyn B. Maloney (NY-12), Vice Chair Designate of the Joint Economic Committee, today released her Views and Estimates of the budget, which analyzes budget issues from a macroeconomic perspective. This follows the release of the president’s FY 2020 budget.

“The president’s budget is an economic ticking time bomb. Economic growth depends on making smart investments and smart projections about the future. This budget does neither. Instead, the president’s budget includes deep cuts to critical domestic investments, including Medicare, Medicaid, education and research, while at the same time making wildly optimistic projections about future growth. If this budget were ever to become law, it will knock our country’s economy off track, possibly into recession, and cause severe pain for families all across the nation.

“In order to continue the economic expansion that began under President Obama, we must make wise investments in our nation’s future. That means creating the infrastructure backbone for the economy of the future, educating our workforce, laying the groundwork for new technologies and fighting to mitigate the likely catastrophic effects of climate change. These are smart investments that will grow the economy and improve the quality of life for future generations. The president’s slash and burn budget will do the opposite, and Congress must reject it.”