Conrad Joins Bipartisan Group of Senators to Encourage Joint Select Comm. to “Go Big” on Deficits
Chairman Kent Conrad joined 35 other senators today to support and encourage the Joint Select Committee on Deficit Reduction. A joint release from their press conference is below. You can also listen to an excerpt or read a transcript of Chairman Conrad’s remarks at the press conference. WASHINGTON, DC – A bipartisan coalition of 36 […]
Sessions To White House: Stimulus Plan Sent To Congress Missing Key Information
“When we received a copy of the legislation yesterday, we were expecting the Office of Management and Budget—which enjoys a five hundred person staff—to provide a precise and detailed estimate of the fiscal impact of the president’s proposal. But no such information was provided… Perhaps even more troubling, however, is that despite the emphatic promise […]
Sessions On President’s Upcoming Address: A Speech Is No Substitute For A Budget
“Today’s dismal jobs numbers further demonstrate that the country needs much more than a speech—it needs the confidence and certainty that only a concrete fiscal plan can provide.” WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today regarding the president’s upcoming address to Congress in light of […]
Addressing Concerns With ‘Paid For’ Promise, Sessions Says President Must Submit Debt and Job Plans Together
“The president?s intention to release the details of his spending and deficit reduction plans separately, over a series of weeks, suggests he does not comprehend the debilitating impact America?s debt is having on the economy right now, and casts additional doubt on the president?s sincerity in paying for his latest „stimulus? program.” WASHINGTON—U.S. Sen. Jeff […]
Sessions Warns That President’s New Borrowing Will Weaken Economy
“The president’s plan makes a mockery of the recent debt limit deal. That agreement cut $7 billion in appropriations next year but the president now wants to borrow hundreds of billions more to finance a second stimulus package… Saying that something is ‘paid for’ isn’t enough… Borrowing even more to spend immediately in exchange for […]
Conrad Statement on Sarah Kuehl’s Selection to be Dpty Staff Dir of Joint Select Cmte on Deficit Reduction
Washington, D.C. – Senate Budget Committee Chairman Kent Conrad released the following statement today on the selection of Sarah Kuehl, one of his long-time Budget Committee aides and an expert on health care policy and federal entitlement programs, to serve as Deputy Staff Director of the new Joint Select Committee on Deficit Reduction. “Sarah Kuehl […]
By The Numbers: As Senate Democrats Ignore Budget, Debt Surges And Economy Suffers
800 …………. Days since the Democrat Senate has passed a budget resolution $3.2trillion …. Debt accumulated since a budget was last passed $7.3trillion …. Total federal spending over that time $439billion …. Net interest payments over that time 2024 …………. Projected year that Medicare will go bankrupt 2036 …………. Projected year that Social Security will […]
Should Needed Spending Reductions Be “Balanced” With Tax Hikes?
Tax Hikes Won’t Work, Aren’t Needed To close this year’s $1.4 trillion deficit through tax increases alone, individual and corporate rates would have to more than double overnight. Even if all of the income of those earning more than $1 million were confiscated at a 100 percent marginal rate—with the unlikely assumption that taxpayers wouldn’t […]
Democrats’ Phantom Budget Cuts Less—And Taxes More—Than Advertised
More than 800 days since passing a budget as required by law—and still refusing to even make one public this year—Senate Democrats recently shared a copy of their phantom budget proposal with the Washington Post. Stunningly, they asserted a fifty-fifty split between tax hikes and spending cuts. They claimed a meager $2 trillion spending reduction […]
Analysis Of The Revised Reid Proposal: Two And A Half Dollars In Debt Increase For Every One Dollar In Cuts
Yesterday, Senate Majority Leader Harry Reid introduced his revised plan to increase the limit on the debt (this time by $2.4 trillion) from the current $14.3 trillion to $16.7 trillion—an amount sufficient to allow the Treasury to continue borrowing to finance our deficits through early 2013. This revised plan is essentially the same as his […]