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Saturday, March 23, 2013

Senate Budget 'Has Zero Real Deficit Reduction ... Never Balances'

Senate Budget 'Has Zero Real Deficit Reduction ... Never Balances'

Long on style but short on substance!

In a statement released at 5 a.m. today, Senator Jeff Sessions, the top Republican on the Senate Budget Committee, blasts the budget the Senate passed very early this morning. Sessions's main concern is that the budget "has zero real deficit reduction" and "never balances."
Jeff Sessions
“The content of the plan the majority has now approved demonstrates why they were unwilling to reveal it for so long: their proposal, once accurately understood, cannot be publicly defended," says Sessions.
The senator from Alabama continues, "Honest people can disagree on policy. But where there can be no honest disagreement is the need to change our nation’s debt course. The singular truth that no one can escape is that the House budget changes our debt course while the Senate budget does not. The Senate budget increases taxes, increases spending, and adds $7.3 trillion to our debt. It has zero real deficit reduction."
And Sessions goes, "Most significantly, it never balances. Republicans gave Senate Democrats chance after chance to balance the budget. But they refused. They have declared to the whole nation their refusal to balance the federal budget.
"The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow—now.

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