Political Quotes

On the recordFebruary 14, 2012
we rise today to talk about the budget that was submitted by the President of the United States, actually within the last 24 hours. Despite a 2009 promise to literally cut the deficit in half by the end of his first term, President Obama released a budget that, for the fourth year in a row, calls for a deficit in excess of $1 trillion. Unfortunately, this proposal is one more year of the same old story: more taxes, more spending, more borrowing, and yet another punt on the tough issues we as a Nation must face. As a former Governor, I understand what it takes to balance a budget. Difficult choices do have to be made, even with programs that are popular. In 2001, when I was Governor of Nebraska, I closed a $220 million budget shortfall and didn't raise taxes. But $220 million is merely a drop in the bucket for the Federal budget that amounted to more than 7 percent in Nebraska. By comparison, if the President had submitted a budget that cut spending by 7 percent, he would be cutting more than $260 billion this year. That wasn't the last thing we had to do. With the post-9/11 economy, we called special session after special session to cut spending. But instead of that, the President is projected to increase spending. Leadership is necessary and, sadly, this budget does not display it. Instead, America's balance sheet continues to drown in a sea of red ink for yet another year, driving our 2012 deficit to nearly $1.4 trillion.…
Said by
Mike Johanns
Republican · Alaska
Source
govinfo.gov
Feb 14, 2012

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