07.08.13

Sessions Comments On OMB Mid-Session Budget Review

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today after the administration provided the annual budget update known as the Mid-Session Review:

“Today’s updated budget report from the White House confirms that the president’s budget plan leaves us on an unsustainable fiscal path: despite a $1.1 trillion tax hike, the president’s budget grows the total federal debt by $8.7 trillion over the next ten years. Spending increases 63 percent from today’s levels—three times the inflation rate. In total dollars, non-interest spending rises $1.5 trillion above our current law 10-year spending growth projections. Ominously, the president provides no serious proposal for strengthening and preserving our unsustainable Medicare and Social Security programs. The president’s plan is simply to tax more in order to spend more: avoiding any attempt at reducing the waste and inefficiency that plagues the federal budget.”