Democrats Take Heat For Skipping Budget As Spending And Debt Spiral Out Of Control
“…Democrats still run the Senate… When it comes to their core responsibility under the law of passing a budget resolution, they are A.W.O.L.” Wall Street Journal (Cool Hand Harry) “While Mr. Obama has tried to set parameters for budget negotiations, his party has yet to settle on a plan for Medicare or the broader budget […]
Sessions: President’s Jobs Bill Rejected Over Substance, Not Politics
WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today as voting continued on proceeding to President Obama’s second stimulus bill, with members on both sides of the aisle voting in opposition: “The president has demanded a jobs bill vote and he got it. The Senate tonight is […]
Budget Republicans Call For Hearing To Uncover Why CLASS Act Warnings Were Not Made Public
“Transparency is crucial… There are a number of important questions that remain unanswered.” WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, and U.S. Sen. John Thune (R-SD), Chairman of the Republican Policy Committee, were joined today by Republican Members of the Senate Budget Committee in sending a letter to Chairman Kent […]
Sessions, Snowe Unveil ‘Honest Budget Act’ To Strip Away Washington’s Most Outrageous Gimmicks
WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, and U.S. Sen. Olympia Snowe (R-ME), Ranking Member of the Senate Committee on Small Business and Entrepreneurship, today announced the introduction of the Honest Budget Act, a nine-plank legislative package that targets Washington’s most dishonest budget gimmicks and accounting tricks: “Washington relies on […]
The Deficit Of Leadership: President’s Disappointing Speech Only Raises More Questions
Deficit ReductionThe president claimed deficit reduction of $1.2 trillion dollars over 10 years in his last budget. CBO said it would increase deficits by $2.7 trillion. Is the president’s new claim based on the same discredited assumptions in his last budget? Non-Security SpendingThe president says he will now freeze non-security discretionary spending in 2012 at […]
The Spending Binge Continues: GAO Exposes Billions In Waste, Duplication
Today, GAO identified massive duplication, fragmentation, and other inefficiencies that cost taxpayers billions of dollars every year in waste and degraded service—all while President Obama’s budget surges federal spending across the board and adds $13 trillion to the debt. The Government Accountability Office (GAO) issued its first annual report on government duplication today. The report […]
CBO Confirms: Obama’s Budget Assumptions Were Detached From Reality
The budget that the Obama Administration presented to Congress on February 14th pushes our nation further down an unsustainable path: growing the government, weakening the economy, and increasing the burden of debt on each and every American. Now, the Congressional Budget Office has confirmed that the president’s budget conceals an additional $2.3 trillion in deficits. […]
Swift Action Needed On Spending Reduction As Experts Warn Of Rising Debt
“Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.” – Bloomberg, “Pimco’s Gross Eliminates Government Debt From Total Return Fund,” March 10, 2011 “We believe that if we do not take decisive action our […]
The $4 Trillion Gimmick: President’s ‘Framework’ To Reduce The Deficit By $4 Trillion Would Grow It $2.2 Trillion Beyond CBO Baseline
The American people deserve an honest, fact-based budget. Instead the president’s deficit speech was the biggest gimmick yet. An analysis of the president’s April 13 speech from the Republican staff of the Senate Budget Committee exposes the president’s claim that he has a revised budget framework which will result in $4 trillion dollars in deficit […]
Sessions Encourages Adoption Of Biennial Budget Reform
“I have long-supported [biennial budget] legislation and am eager to begin renewed work on this proposal… But the process reform will achieve little if we don’t address the underlying problem: the ideology of big government. As long as Washington operates under the idea that the federal government is the first and best solution to all […]