Chairman Rogers: President’s Budget Long on Rhetoric, Lean on Spending Cuts

House Appropriations Chairman Hal Rogers commented on the President’s fiscal year 2012 Budget request, which was released today – one week after the annual deadline: “I appreciate the President’s attempt to address the need for cuts in this fiscal year 2012 budget request, finally reflecting a realization that our country must reduce spending and drastically scale back our deficits and debt in order to get our economy moving again.

“However, the President’s budget appears to be long on rhetoric and lean on spending cuts. We must go much further than this anemic effort of symbolic reductions and additional spending proposed under the guise of funding “freezes” if we are truly to get our nation’s finances on a sustainable course.

“The Continuing Resolution (CR) that will be on the floor of the House this week contains the largest set of spending reductions in the history of the nation – more than $100 billion in cuts from last year’s Presidential budget request. This legislation represents a real, substantive effort that will help steer a better path for our nation’s budget and economy, starting a trend of spending reductions that will carry forward in Appropriations bills in the coming year. I would welcome the President’s engagement in and support of this historic and critical legislation, and encourage him to join us in our goal of immediately and dramatically reducing government spending.”

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TEXT CREDIT: Committee on Appropriations H-307, The Capitol Washington, DC 20515 Main Number: (202) 225-2771

IMAGE CREDIT: Congressman Hal Rogers Washington, DC Office 2406 Rayburn House Office Bldg Washington, DC 20515 T (202) 225-4601 F (202) 225-0940

Paul Ryan GOP Response to President Obama's 2012 Budget Request FULL VIDEO

Paul Ryan GOP Response to President Obama's 2012 Budget Request VIDEO House Budget Committee Chairman Paul Ryan issued the following statement in response to the release of President Obama’s FY2012 Budget STREAMING VIDEO Running time 28:51

Paul Ryan: President Fails Leadership Test, President’s Budget Destroys Jobs with Record Taxes, Spending & Debt.

WASHINGTON – House Budget Committee Chairman Paul Ryan issued the following statement in response to the release of President Obama’s FY2012 Budget:

“The President’s budget spends too much, taxes too much, and borrows too much – stifling job growth today and leaving our children with a diminished future. In this critical test of leadership, the President has failed to tackle the urgent fiscal and economic threats before us.”

“Failing to heed the warnings of economists and the demands of the American people, the President’s budget accelerates our country down the path to bankruptcy. Far from ‘living within its means,’ the President’s budget puts the government on track to nearly double in size since the day he took office – a direct result of his party’s reckless spending spree. His budget destroys jobs by imposing a $1.6 trillion tax hike, adding $13 trillion to the national debt and fueling uncertainty in the private sector.

“We cannot tax, spend and borrow our way to prosperity. Where the President has fallen short, Republicans will work to chart a new course – advancing a path to prosperity by cutting spending, keeping taxes low, reforming government, and rising to meet the challenges of our time.”

Key facts from President Obama’s Fiscal Year 2012 Budget:

* Spends Too Much
o $3.8 trillion in spending this year; 25.3% of GDP (highest since WWII)
o $46 trillion in spending over the decade; $8.7 trillion in new spending
* Taxes Too Much
o $1.6 trillion tax hike on families, small businesses, and job creators
o Revenues as a percent of GDP climb to 20%
* Borrows Too Much
o $1.6 trillion deficit for FY2012; a record third straight trillion dollar deficit
o Doubles and then triples debt held by the public since President took office
o $13 trillion added to the debt over the decade

VIDEO and IMAGE CREDIT: c-span.org

TEXT CREDIT: U.S. Congressman Paul Ryan Washington, DC Office 1233 Longworth House Office Bldg Washington, DC 20515 Phone: (202) 225-3031 Fax: (202) 225-3393