On the recordFebruary 15, 2012
Madam President, on Monday morning the country was presented with President Obama's budget proposal for the fiscal year. If you were only to listen to the President and his advisers, you would think this proposal is great for the Nation. The Acting Budget Director says the President's budget ``makes the right investments.'' The head of the President's National Economic Council used several sports metaphors to make the case that ``the President has very much stepped up to the plate,'' and the President himself said his budget makes ``some tough choices in order to put the country back on a more sustainable fiscal path.'' The reason they are so excited about this proposal is that they believe, in an election year, they have offered every ally something to woo their support. This budget proposal truly does try to be everything for everyone. The problem is that no one wins with it. When you scratch the surface of this proposal, the shine quickly wears off. The deficit reduction claims the administration throws out to defend this proposal simply do not hold water. You cannot claim $1 trillion in cuts that Congress pushed through during the debt ceiling debate as new cuts, nor can you say with all honesty that $850 billion in war savings are real cuts. This money was never going to be spent in the first place. When you get down to it, President Obama was never serious about his pledge to cut the deficit in half by the end of his first term.…





