Political Quotes

“Mr. President, last week, pursuant to section 106 of the Budget Control Act of 2011, I filed new committee allocations, new budgetary and Social Security aggregates, and a revised pay-as-you-go scorecard. Today, I am adjusting some of those levels, specifically the allocation to the Committee on Appropriations for fiscal year 2012 and the budgetary aggregates for fiscal years 2011 and 2012. First, as specified under section 106(b)(1), I filed new allocations to the Committee on Appropriations. For 2012, that allocation was set consistent with the sum of the two limits on discretionary spending set forth in the Budget Control Act. Section 101 of the Budget Control Act establishes a limit of $684 billion in new budget authority for the security category and $359 billion in new budget authority for the nonsecurity category, for a total of $1,043 billion. To match the divisions provided by the Budget Control Act, I am subdividing the initial allocation of $1,043 billion in budget authority provided to the Committee on Appropriations into two separate amounts, $684 billion for security funding and $359 billion for nonsecurity funding. Second, section 101 of the Budget Control Act allows for various adjustments to the statutory limits on discretionary spending, while section 106(d) allows the chairman of the Budget Committee to make revisions to allocations, aggregates, and levels consistent with those adjustments.…”