Conrad Pleased with Committee Passage of Budget (April 22, 2010)
Sen. Conrad released a statement applauding the Budget Committee for passing the FY 2011 budget resolution.
"I am very pleased the Budget Committee has now passed my budget plan - a plan that significantly cuts spending and deficits and begins to put the nation back on a sound fiscal course. It cuts spending as a share of the economy by 11 percent. It cuts the deficit as a share of the economy by 70 percent. It will bring the deficit down to 3 percent of GDP by 2015, a level economists believe will stabilize the federal debt relative to GDP. And in dollar terms, it cuts the deficit by $671 billion more than President Obama's budget.
Read his full statement: Conrad Pleased with Committee Passage of FY 2011 Budget Resolution
Mark Up Materials (April 21, 2010)
The FY 2011 Budget Resolution was marked up on April 22, 2010. Chairman Kent Conrad presided over the mark up, which began on April 21 with opening statements from members of the Budget Committee. Below are Chairman Conrad's opening remarks and charts used during the mark up:
Chairman's Mark (April 20, 2010)
The Chairman’s Mark for the Fiscal Year 2011 Senate Budget Resolution cuts spending and deficits, while making critical investments to strengthen the nation’s economic recovery and promote longterm economic growth. It cuts spending as a share of the economy by 11 percent. It cuts the deficit as a share of the economy by 70 percent, bringing the deficit down to 3.0 percent of GDP by 2015. It includes $671 billion more deficit reduction than President Obama’s budget. It cuts taxes by $780 billion. And it invests in education and energy, laying the foundation for long-term economic security.