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Washington D.C. —
President Barack Obama on Monday unveiled his $3.7 trilling budget for fiscal year 2012.
His task in preparing the budget was mighty as he had to appease both those that want to see spending significantly changed to chip away at the nation's $1.1 trillion deficit and those that insist entitlement and social programs must remain fully funded.
Obama's proposed budget is only the starting point. Both the U.S. House and the Senate must approved his spending proposals, a task that could prove daunting and tedious. Already though, law makers, lobbiest and analysts on both sides of the aisle are making public their opion of Obama’s plans.
U.S. Senator Jerry Moran, R-Kansas, and 1st Congressional District Congressmen Tim Huelskamp, R-Fowler, both hammered Obama's proposal saying it doesn't do enough to change Washington's spending habits and decrease the deficit.
“The president delivered a budget to Congress that fails to confront the fiscal and economic challenges before us, ignores the recommendations of his own fiscal commission, increases spending and borrowing, proposes $1.6 trillion in new taxes, and doubles the national debt by the end of his 4-year term,” Moran said. “The Obama Administration is touting its proposal to reduce the deficit by $1.1 trillion over the next 10 years, but that doesn't amount to much when you consider this year alone we face a $1.6 trillion deficit.”
Huelskamp said he graded Obama's budget at an “F” because it did not achieve Obama's goal of cutting the nation's debt in half.
“Sadly, the White House's number-crunching abilities fell short in front of these young learners who, interestingly, are attending a math-oriented school. Let's hope they were not listening too closely or reading his budget because his claim to be cutting the deficit in half is untrue. His budget merits an 'F' for being fuzzy, failed, and false,” Huelskamp said. “Even the President's own cooked numbers do not reach the goal he has pledged. In 2009, when the President promised to cut the deficit in half, the country faced a $1.186 trillion deficit. The President's proposed budget, however, estimates a $768 billion deficit at the end of the 2013 fiscal year, which begins a month before the 2012 election and ends September 2013.”
President Barack Obama on Monday unveiled his $3.7 trilling budget for fiscal year 2012.
His task in preparing the budget was mighty as he had to appease both those that want to see spending significantly changed to chip away at the nation's $1.1 trillion deficit and those that insist entitlement and social programs must remain fully funded.
Obama's proposed budget is only the starting point. Both the U.S. House and the Senate must approved his spending proposals, a task that could prove daunting and tedious. Already though, law makers, lobbiest and analysts on both sides of the aisle are making public their opion of Obama’s plans.
U.S. Senator Jerry Moran, R-Kansas, and 1st Congressional District Congressmen Tim Huelskamp, R-Fowler, both hammered Obama's proposal saying it doesn't do enough to change Washington's spending habits and decrease the deficit.
“The president delivered a budget to Congress that fails to confront the fiscal and economic challenges before us, ignores the recommendations of his own fiscal commission, increases spending and borrowing, proposes $1.6 trillion in new taxes, and doubles the national debt by the end of his 4-year term,” Moran said. “The Obama Administration is touting its proposal to reduce the deficit by $1.1 trillion over the next 10 years, but that doesn't amount to much when you consider this year alone we face a $1.6 trillion deficit.”
Huelskamp said he graded Obama's budget at an “F” because it did not achieve Obama's goal of cutting the nation's debt in half.
“Sadly, the White House's number-crunching abilities fell short in front of these young learners who, interestingly, are attending a math-oriented school. Let's hope they were not listening too closely or reading his budget because his claim to be cutting the deficit in half is untrue. His budget merits an 'F' for being fuzzy, failed, and false,” Huelskamp said. “Even the President's own cooked numbers do not reach the goal he has pledged. In 2009, when the President promised to cut the deficit in half, the country faced a $1.186 trillion deficit. The President's proposed budget, however, estimates a $768 billion deficit at the end of the 2013 fiscal year, which begins a month before the 2012 election and ends September 2013.”
