Colbert Busch breaks with Obama on budget plan

CHARLESTON, S.C. (AP/WCIV) - Democrat Elizabeth Colbert Busch says she disagrees with the $3.7 trillion federal budget President Obama is sending to Congress.

Colbert Busch, running for the state's vacant 1st District congressional seat, says the budget doesn't balance and doesn't cut enough.

She says cutting spending and lowering taxes are key to small businesses creating jobs. She says the budget should focus on wasteful spending but says she objects to it cutting benefits for seniors.

"I respectfully disagree with the budget that President Obama is expected to present today because it simply doesn't take the right steps to putting our fiscal house back in order - especially from my perspective as a businesswoman. The fact is, we have to balance our budget, cut our spending and lower taxes for small businesses to create jobs. Unfortunately, this budget takes the opposite approach; it raises taxes, doesn't balance and doesn't cut enough - when we should be laser-focused on slashing wasteful and duplicative spending," Colbert Busch said in the statement.

"Not only does President Obama's plan fail to put our finances back in order, it would cut benefits for our seniors, which is wrong. I believe that our seniors earned their Social Security by putting money away every single paycheck for a lifetime - knowing that they could count on Social Security when they retired. Just this week, I met with seniors at Island Oaks Living Center, and they told me how much they worked and depend on Social Security - and I will stand with them. Simply put, Social Security doesn't contribute to the deficit, and politicians should keep their hands off the trust fund," she adds.

Colbert Busch says neither Obama's budget nor Republican U.S. Rep. Paul Ryan's budget plan has fiscal approaches acceptable to South Carolina families.

"Between President Obama's budget and Representative Paul Ryan's plan, neither one has a fiscal approach that is acceptable to South Carolina families. The people of the 1st Congressional District need a representative who will fight for those values in Washington - restoring fiscal responsibility without throwing our seniors under the bus. As a tough and independent businesswoman, I'll fight for a balanced budget amendment, cut wasteful spending and lower taxes on small businesses," she said.

Colbert Busch faces former Gov. Mark Sanford, a Republican, in the May 7 special election for the seat left vacant when Republican Tim Scott was appointed to the U.S. Senate.