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For more than five years, the Obama administration and Democrats in Congress have been trying to tax, spend, and borrow our country’s way out of economic turmoil. Unfortunately, the failed economic policies of the past five years have left 3.6 million Americans out of work for six months or longer and have led to the lowest labor participation rate since Jimmy Carter was president.

Our economic challenges require presidential leadership in order to move the needle. Yet, with over two years still left in his presidency and millions of middle-income Americans hurting in this weak economy, the president has already given up on addressing our economic woes and is content to put forward a budget that merely panders to his political base. On March 4th, the Obama administration released its much delayed lame-duck budget proposal for Fiscal Year (FY) 2015.