Joe Pitts: “Last week the President's chief budget adviser, Peter Orszag, said that the administration was unwilling to send a…”

“Last week the President's chief budget adviser, Peter Orszag, said that the administration was unwilling to send a package of deficit-reducing budget cuts to Capitol Hill. Even though the President's party is in control of both Houses, Orszag didn't think administration budget recommendations would be considered. Just a few days later, however, the President announced that he wants Congress to pass a $50 billion bill to bail out States, regardless of whether that spending increases the deficit. So the administration is perfectly willing to dictate to Congress that we should increase our already burdensome national debt, but wholly unwilling to recommend sensible cuts to existing government programs. We just can't go on like this. This week, Greece just had another debt rating agency slash their bond rating to junk. Now Europe is putting together a bailout package for Spain. Italy, Ireland, and Portugal may not be far behind. The warnings are numerous, but I fear that they are being ignored. We have to get control of our Federal budget or there is not going to be anyone big enough to bail us out.”