Honest Accounting Reveals President’s Budget Makes No Alteration To Disastrous Debt Course
A comparison of the president’s math and honest math is shown below. An honest accounting shows that the president only reduces the deficit by $273 billion over ten years and, by his own estimates, increases the gross debt by approximately $11 trillion, on top of nearly $5 trillion that’s already accumulated during his first three years in office.
Sessions On President’s Budget: ‘One Of Most Spectacular Fiscal Cover-Ups In American History’
“The White House claims they have introduced a plan to achieve $4 trillion in deficit reduction… But these assertions rely on a calculated series of budget gimmicks. An honest analysis proves that the president’s plan achieves only $273 billion in total deficit reduction over ten years… Under this plan, we will accumulate $11 trillion in […]
HBC And SBC Republican Summary Of President’s FY2013 Budget
The President has not merely ducked from our fiscal and economic challenges, but—with his fourth straight budget flop—he has advanced policies that dangerously accelerate the crisis before us. His gimmick-filled budget fails to reduce the fast-rising debt, permanently entrenches unsustainable levels of government spending, and erects new barriers to upward mobility.
Gimmicks The President May Use To Claim Trillions In Phony Budget Savings
We know from gimmicks in the president’s past proposals that he may claim to “save” $3 trillion with no savings at all (which are properly defined as spending cuts). The only deficit reduction would stem from tax hikes that sustain wasteful spending.
Obama’s Budget Gimmicks Produce Phony Deficit Claims
CBO’s reestimates of the president’s budget show that he has, on average, understated his 10-year deficits by almost 20 percent.
Sens. Levin and Conrad Introduce Cut Tax Loopholes Act
WASHINGTON, DC – Two Senate committee chairmen introduced legislation today to help reduce the budget deficit and pay for important priorities by closing tax loopholes. Sens. Carl Levin, D-Mich., chairman of the Senate Armed Services Committee and the Senate Permanent Subcommittee on Investigations, and Kent Conrad, D-N.D., chairman of the Senate Budget Committee, introduced the […]
Sessions Delivers Opening Remarks At Bernanke Hearing
“I am glad Chairman Conrad will be marking-up a budget in committee. But the mark-up will be a doomed exercise if your own majority leader decrees that the budget process will be shut down. Majority Leader Reid has effectively declared both a Senate Democrat budget – and the President’s budget – dead on arrival.” “While […]
Obama’s FY2012 Budget: A Failure of Leadership
A Detailed Summary and Analysis of President Obama’s FY 2012 Budget
Sessions Responds To Reid’s Breaking Announcement On Democrat Budget Plan
“By refusing to lay out a budget plan for public examination—a fact no one can deny—the Democrat Senate has forfeited the high privilege to lead this chamber.” WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today as Majority Leader Reid announced that, for the third year in […]
Sessions, Snowe Explain Need For Honest Budget Act: ‘Washington Uses A Different Set Of Rules’
“Americans have a right to expect honesty, transparency, and accountability from their elected officials. They have a right to know that a cut is a cut, an increase is an increase, and that a price tag is accurate.” WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, and U.S. Sen. Olympia Snowe […]