Since the president took office , we 've seen more than $ 1.7 trillion in new tax hikes , $ 518 billion in new regulations , and $ 6 trillion added to the national debt . Sen. John Thune : President Obama is late submitting budget to Congress . He says White House is n't serious about government living by a budget . He says higher taxes , more regulations , higher debt are hurting economic recovery . Thune : The president has not been willing to compromise on the spending cuts he wants and that have caused so much damage in this country.
Sen. John Thune : President Obama is late submitting budget to Congress . He says White House is n't serious about government living by a budget . He says higher taxes , more regulations , higher debt are hurting economic recovery . Thune : The president has not been willing to compromise on the spending cuts he wants and that have caused so much damage in this country.